I don't think it is a bad thing to protect workers while pursuing breakneck innovation on AI. Ensuring that there is stable employment begets consumer confidence and this will fund the cycle of demand as customers. If you follow the West's approach of cutting workers, it's a short term success for shareholders but at the expense of long term growth.
RPT-BREAKINGVIEWS-China's job-first policy risks blunting AI gains
RPT-BREAKINGVIEWS-China's job-first policy risks blunting AI gainsThe author is a Reuters Breakingviews columnist. The opinions expressed are his own.By Ka Sing Chan
$Shopify(SHOP)$ After taking some time to look through their financials, I view last night’s sell off more as profit taking behaviour rather than a sell due to bad news. The company is expanding its revenue at a good pace and their fees charged to merchants have increased as well without a drop in users. Most critics view their drop in operating margins to be a cause for concern but this can be attributed to Shopify’s expansion in the international market as well as a new revenue stream (that is partnering PayPal and OpenAI). All these new streams do incur higher costs at the start but it’s strengthens Shopify’s value and top line.
$Shopify(SHOP)$ Recurring revenue is healthy, and their merchant churn is low. This coupled withan improving operating leverage makes this pullback an attractive entry point.
$Novo-Nordisk A/S(NVO)$ I believe during the actual earnings call share price will go up. Firm is probably setting expectations so the recent correction imo is a buying opportunity
$Palantir Technologies Inc.(PLTR)$ $PLTR I have cut my position here as I believe the share price has run up too fast. Was in here when PLTR was double digits. Going to take profit and wait for the drop. All the best for those holding!