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Why tech spending will rise even as tech stocks tank and layoffs mount

November 8, 2022
Source: cnbc.com cnbc.com
News Snapshot:
Bloomberg | Bloomberg | Getty Images After the recent earnings from big technology companies and the mounting layoff headlines in the sector, tech investors can be excused for feeling a little confused: Is the tech-led economy about to fall off a recessionary cliff? Stocks like Amazon.com and Microsoft got pounded after missing analysts' growth forecast for their cloud computing businesses, which rely on corporations' demand for technology and innovation. They are also among the tech giants announcing hiring freezes and job cuts. The path of tech demand has been one of the key questions as markets try to handicap the...
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