Layoffs are often understood as an indicator of incipient recession, and stock prices typically fall in step with both of those trends.
Tech stocks have always been volatile, and it's never a good bet to blame their fluctuations on any single cause. Here are some possible explanations for the resurgence, more than one of which might apply:for all those layoffs.
Investors applaud "discipline," and thinner payrolls could mean more profits to come.in the industry for ChatGPT and generative AI is driving the market up. Many observers are framing the new generation of AI as the biggest leap forward in tech since the iPhone's 2007 debut.Some of these companies
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