I've owned CMI for a while and am considering adding more shares.
Most of the discussion seems focused on truck demand, freight cycles, and industrial spending. But with AI data centers, grid constraints, and growing demand for backup power, it feels like the Power Systems segment could become a much bigger piece of the story over the next few years.
Am I missing something, or is the market still valuing Cummins primarily as a cyclical engine manufacturer?
For those who follow CMI closely, do you think the power generation business could drive upside beyond current expectations, or is that already fully priced into the stock?