Economist Mohamed El-Erian is highlighting what he sees as a “fascinating” divergence in the quarterly earnings of two major American companies, AI-giant Palantir Technologies Inc. (NASDAQ:PLTR) and farm equipment maker Caterpillar Inc. (NYSE:CAT).
What Happened: On Tuesday, in a post on X, El-Erian pointed out the “contrasting headlines” from the quarterly earnings releases of both companies early this week. He says, “Palantir is monetizing its AI-powered products at an accelerating rate, while Caterpillar is grappling with the costs of tariffs.”
