What to know in markets on Tuesday, January 31, 2023.
Yahoo Finance tech editor Dan Howley explains what's behind all the recent tech layoffs and what it means for some of the Nasdaq's biggest companies.
Investors have rallied around Apple (NASDAQ: AAPL) and Advanced Micro Devices (NASDAQ: AMD), with both companies' shares up more than 10% in the new year. Apple has a variety of new products launching this year, including one that will see it venture into a high-growth market. Meanwhile, AMD's booming data center business recently got a huge leg up on Intel, one of its biggest competitors.