Meta's woes are tanking its stock, but these chip stocks are benefiting from it
Data-center stocks buoyed an otherwise down chip sector Thursday as shares of Facebook parent Meta Platforms Inc. cratered on torn-in-half profits and a hike in capital spending to fuel Mark Zuckerberg’s metaverse ambitions, prompting one analyst to ask if server chips can only go up now.
Meta META, -24.43% noted that an “increase in AI capacity is driving substantially all of our capital expenditure growth in 2023.” Opinion: Facebook and Google grew into tech titans by ignoring Wall Street. Now it could lead to their downfall From the perspective of the chip industry — which has gone from a two-year global chip shortage to a sudden glut in a matter of months as PC and consumer-electronics demand has dropped sharply, causing chip fabricators to pump the brakes on investments in new capacity — Lipacis questioned whether the glut will ever reach data-center sales, as many have feared.
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Monitoring Individual Employees Isn’t the Way to Boost ProductivityEver since workers moved from offices to work-from-home setups, companies have worried about how they’re spending their time. Many have bought invasive “productivity monitoring” software to keep tabs on people — logging keystrokes, timing how long they’re away from their computers, even watching them through cameras. But these tools are about control more than productivity. They reflect a “squeeze ’em” view of work that uses superficial metrics that measure busyness, and employees know it — and often resent it. There is, however, a better and more empathic way to use data to improve productivity: look at where the company can improve, not individuals. By using anonymized data about how people work — where they encounter friction, where broken processes make their jobs harder — companies can reveal what about their systems isn’t working. In other words, this data should be used as a mirror, not a microscope. To do this effectively, in a way that aligns company and employee interests, employers should: make individuals anonymous, collect data at the team level, make participation opt-in, share the data with workers, invite collective problem solving, and empower teams to use this data on the local level.
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Cruise, Waymo want to keep data on their robotaxis confidentialIt comes down to data: California wants it, but companies say it could reveal trade secrets.
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Crypto data firm Amberdata snaps up analytics platform Genesis VolatilityCrypto data firm Amberdata has bought out crypto options analytics provider Genesis Volatility.
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Oil ticks higher, shaking off industry data showing rise in U.S. crude stocksOil futures edge higher early Wednesday, with traders awaiting official data on U.S. crude inventories after industry figures show a large rise.
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Gold Price Forecast: XAU/USD displays lackluster performance above $1,660 ahead of US GDP dataGold Price Forecast: XAU/USD displays lackluster performance above $1,660 ahead of US GDP data – by Sagar_Dua24 Gold XAUUSD Fed GDP RiskAppetite
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Equifax—known for huge data breach—is building a Web3 KYC solutionCredit reporting company Equifax and privacy-focused blockchain firm Oasis Labs partnered to build a Know Your Customer (KYC) and decentralized identity offering for Web3 companies, anonymizing users whilst maintaining a record on the blockchain.
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