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But we saved everything 🙂.
Amid speculation that political pressure could impact their spending, hyperscalers are rallying as some expect they may be allowed to spend less and achieve positive free cash flow again.
However, Lisa Abramowicz, Journalist, Co-host on Bloomberg TV/Radio, commented that it is just as likely these companies will end up spending more to win approval from communities to build data centers.
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Earlier this year, Microsoft offered buyouts to 60,000 employees, raising questions about potential impacts from AI disruption in technology sector jobs, according to a report by Lisa Abramowicz. Separately, the S&P 500 saw the widest gap between equal-weight and market cap-weighted indexes in October since April 2009, as previously reported. These developments come as large tech firms reassess operations and spending strategies.