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$XYZ Block cut 40% of their workforce today. The stock, which has struggled for years, is up 2...
71 days agoamitamitisinvesting
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Block ($XYZ) shares rose over 20% in after-hours trading following the announcement of a 40% workforce reduction aimed at increasing efficiency through AI. The author suggests that capital from such corporate downsizing will likely flow to compute providers like NVIDIA ($NVDA). NVIDIA is viewed as "cheap" at a valuation of 18x future growth following a recent price decline.

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breaking down tech, business, & stocks $PLTR