Posted 2/15/2024, 2:22:00 PM
Tech Companies Adjust as Economy Cools - Cisco and Deere Cut Forecasts and Jobs While Nvidia Bets on AI
- Cisco Systems shares down in premarket trading after company cuts full-year guidance and workforce
- Deere & Company slashes full-year net income outlook on weak farmer equipment demand
- SoundHound AI and Arm Holdings shares up after Nvidia reveals stakes in both AI businesses
- Multiple companies cutting guidance and workforces amid economic uncertainty
- AI and technology companies getting investments even in tough markets