However, the Capital Economics analysts flagged that "AI is not the only thing" contributing to the rash of layoffs, arguing that some firms are using the nascent technology as "a way to spin job ...

At 18.6 times forward earnings, Alphabet stock is far cheaper than most of its big tech peers, which trade around 30 times ...

Not surprisingly, investment banking firm TD Cowen estimates that Broadcom's AI chip revenue could grow to $50 billion a year ...