Tech Layoffs and AI Efficiency Claims

MRKT Matrix - Tuesday, November 4th

• Stocks drop on AI valuation concerns, Nasdaq falls 2% led by Palantir (CNBC)
• Stock Bulls Get Wake-Up Call From Wall Street CEOs (Bloomberg)
• This Famous Method of Valuing Stocks Is Pointing Toward Some Rough Years Ahead (WSJ)
• Job openings in October slumped to the lowest level since February 2021, Indeed measure shows (CNBC)
• IBM cutting thousands of jobs in the fourth quarter (CNBC)
• AI-washing and the massive layoffs hitting the economy (CNBC)
• Burry Reveals Nvidia and Palantir Puts After Bubble Warning (Bloomberg)
• Alex Karp blasts ‘Big Short’ investor Michael Burry as ‘bats--- crazy’ for bets against Palantir, Nvidia (CNBC)
• Trump Negotiating Deal With Ozempic Maker to Sell Some Weight-Loss Drugs for $149 (WSJ)

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MRKT Matrix by RiskReversal Media is a daily AI powered podcast bringing you the top stories moving financial markets

Story curation by RiskReversal, scripts by Perplexity Pro, voice by ElevenLabs