Tech stock gains are driving Nasdaq growth in 2023. Besides AI adoption, tech leaders' willingness to cut back on capital expenditures may be driving this rally. Yahoo Finance Tech Reporter Allie Garfinkle explains the ways tech giants such as Amazon (AMZN), TSMC (TSM), and Meta are reducing their CapEx and how investors should reconsider their definitions of growth amid cost-cutting strategies.
Why tech companies are focusing on capital expenditures cutbacks
08/09/2023 00:05
Tech stock gains are driving Nasdaq growth in 2023. Besides AI adoption, tech leaders' willingness to cut back on capital expenditures may be driving this rally. Yahoo Finance Tech Reporter Allie Garfinkle explains the ways tech giants such as Amazon (AMZN), TSMC (TSM), and Meta are reducing their CapEx and how investors should reconsider their definitions of growth amid cost-cutting strategies.
TipRanks
2 ‘Strong Buy’ Penny Stocks That Could Rally All the Way to $10 (or More)
Finding solid returns is the key to success in stock investing, but there are almost as many paths to that as there are investors. You can pack your portfolio with long-term stocks featuring slow appreciation; you can invest heavily in trending stocks that are riding a bubble, hoping to cash out at the right time; or you can buy into low-cost equities that feature high potential to boom. That last is the allure behind the penny stocks. Traditionally priced for a dollar or less per share, today t
Zacks
Medical Properties (MPW) Q2 FFO Top Estimates
Medical Properties (MPW) delivered FFO and revenue surprises of 26.32% and 4.37%, respectively, for the quarter ended June 2023. Do the numbers hold clues to what lies ahead for the stock?
Reuters
Tyson Foods to shut four US chicken plants in blow to small towns
CHICAGO (Reuters) -Tyson Foods is shutting four more chicken plants - in Arkansas, Indiana and Missouri - to cut costs, a blow to small communities in the U.S. heartland that depend on the meatpacker for nearly 3,000 jobs. Tyson closed two other chicken plants, in Arkansas and Virginia, with almost 1,700 employees this year, and has also laid off corporate employees. The decision by Tyson, the largest U.S. meat producer by sales, to shutter facilities surprised and saddened local officials, who said the four plants have been fixtures for more than 50 years.
The Wall Street Journal
Elon Musk Calls Cybertruck Tesla’s ‘Best Product Ever.’ Here Comes the Test.
The launch of Tesla’s Cybertruck is one of the most anticipated EV releases in history. Barclays analyst Dan Levy and AlixPartners’ Mark Wakefield weigh in on how Tesla’s first pickup could shake up the pickup market. Elon Musk is seeking to reimagine the classic American pickup with the Cybertruck, a distinctive-looking truck that is all angles and unpainted stainless steel.
Investopedia
EV Parts Maker Proterra Files For Bankruptcy
Seeking protection from creditors while continuing to operate, EV parts supplier Proterra filed for Chapter 11 bankruptcy. The company's stock fell more than 65% in pre-market trade on Tuesday.
Bloomberg
Rivian’s Wounded Shorts Set for Potential Squeeze
(Bloomberg) -- Investors betting against Rivian Automotive Inc. have a lot riding on the electric vehicle maker’s results later Tuesday, after a steep rally exposed them to big losses. Most Read from BloombergMusk Says He May Need Surgery, Will Get MRI on Back and NeckUS Bank Shares Drop as Moody’s Cuts Ratings, Warns on RisksThe Global South Breaks Away From the US-Led World OrderWall Street WhatsApp, Text-Message Fines Exceed $2.5 BillionChina’s Trade Plunges More Than Forecast in Blow to Reco