Tech's new business model: 'Do more with less'
Publishing timestamp: 2023-05-11 21:17:48
Summary
Tech companies are focusing on doing more with less in their first-quarter earnings calls, with increased investment in AI and cloud infrastructure. Cost cuts and reallocation of spending are key themes, with a focus on efficiency and productivity. Major tech companies are making it clear that customers will be conservative with spending in the near future.
Sentiment: MIXED
Tickers: GOOGL, AMZN, MSFT, META, TTD, AAPL,
Keywords: satya nadella, sundar pichai, apple inc, earnings reports, technology, breaking news: technology, cloud computing, mark zuckerberg, alphabet inc, earnings outlook, earnings, meta platforms inc, amazon.com inc, business news, earnings announcements, tim cook, computer hardware, amazon web services, artificial intelligence, trade desk inc, microsoft corp,
Source: https://www.cnbc.com/2023/05/11/techs-new-business-model-do-more-with-less-.html