alphabet and meta. and microsoft samsung and intel. the technology sector has been enjoyed rapid growth during the pandemic but now they are operating in a high interest rate environment. they have also been cost cutting measures. meta, for example, has had to announce that this month it will cut 10,000 more jobs and that is on top of the 11,000 that the company let go last november. danzig is a deputy chief investment officer at richard burnside advisors and he now says that he is not optimistic about technology stocks in the united states. i don t really see any reason to expect anything different from what we have seen both from these companies over the past couple of quarters but also from the companies we have only heard from his earnings season. i think what is clear is growth is slowing and this is hurting these companies notjust on the front of the profitability front of the profitability front which i think is front and centre for markets. we were talkin: and cent
from consumer companies like microsoft, samsung and intel. the technology sector has enjoyed rapid growth during the pandemic but they now face inflation fears and are operating in a higher interest rate environment. there been higher cost saving measures going to place, for example meta announced it will cut 10,000 morejobs this month that s on top of 11,000 jobs that s on top of 11,000 jobs that go last november. the deputy chief investor at richard bernstein investors is not optimistic about the stocks in the us. i not optimistic about the stocks in the us. ., , ., , in the us. i don t see any reason in the us. i don t see any reason to in the us. i don t see any reason to suspect - in the us. i don t see any i reason to suspect anything different from what we have seen. both from these companies over the past few quarters but also from the companies we have heard from this earnings season. what s clear is that growth is slowing and that is hurting these companies, n
bit about china tech stocks. . bit about china tech stocks. how did they compared to what we might experience or see in the next week? we might experience or see in the next week? clearly there is a similarities the next week? clearly there is a similarities in the next week? clearly there is a similarities in that the next week? clearly there is a similarities in that some - the next week? clearly there is a similarities in that some of. a similarities in that some of these end markets overlap a lot between china and the us but i think the thing that chinese stocks have going for them is that they have been decimated much, much more than stocks in the us and so they are much cheaper, they are more out of favour and the good thing is to the extent that they have the domestic exposure to chinese economy, the chinese economy is one of the few markets in the world that is actually accelerating the rest of the world is actually tipping into a global profits recession. china has been
consider goat center of market share. if you consider goat we center of market share. if you consider goat we were - center of market share. if you consider goat we were talking j consider goat we were talking about meta lay offs and other big companies and the collapse of silicon valley bank, do you think that maybe this is finally the paint might be over in the next quarter was in marked nothing i have seen in the data is suggesting that and we have just heard from a handful of tech companies in the last week or so and they are pointing into weakening fundamental trends and we see this slow down and you alluded to this, these companies spent the better part of the last two years open up new business lines and facilities and hire new people and they can t quite follow past enough to keep up with the slowdown. follow past enough to keep up with the slowdown. there is no reason the with the slowdown. there is no reason the micro with the slowdown. there is no reason the micro
Chinese technology companies held by SoftBank face a threat to their recovery from Beijing’s regulatory crackdown: the Japanese investment firm reportedly plans to trim its substantial portfolio of China assets.