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.
Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) and Microsoft (NASDAQ: MSFT) are on a collision course. The release of OpenAI's ChatGPT prompted a "code red" at Google headquarters, and Microsoft, which is an investor and partner of OpenAI, is moving quickly to integrate OpenAI's technology across its products, including Azure, GitHub, and even Bing, according to reports. The threat of a ChatGPT-powered Bing could upend Alphabet's search monopoly, and it's not surprising that the search giant is scrambling to come up with a strategy.
What long-term investors can expect from Microsoft. Plus, Motley Fool Canada's Jim Gillies joins Motley Fool producer Ricky Mulvey to give the bull case for one of the most heavily shorted stocks of 2022: Big Lots.