Yahoo Finance's Dan Howley explains the motive for the job cuts despite strong balance sheets.The tech giant, not the only one Google also reportedly cutting back on staff over 1000 people are expected to be impacted.So why are these tech giants allegedly laying off workers despite strong balance sheets to break this down for us?Yeah, man, some of the uh the layoffs from Microsoft have to do with its uh kind of mixed reality unit that really suffered heavy losses uh previously.
So it's not as though they're pulling back on spending in those places, the, the cloud unit, it's just that they seem to be wanting to move money around to, to different opportunities. All right, Dan, we're gonna have to leave it there but appreciate you joining us as always on all things. BofA says chip stocks won't peak until mid-2026, and that these 3 sub-industries will thrive until then
Shares of Nvidia are soaring on Monday following the company's announcement of new AI chips, sparking optimism among investors and analysts. In a bullish move, Bank of America analysts have raised their price target on the chipmaker to $1,500, up from the previous target of $1,320. Yahoo Finance's Seana Smith and Madison Mills break down the details, providing insight into the intensifying competition as AMD unveiled its own AI chip.
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