Morgan Stanley analysts continued to “search the bottom of the crisis” in the industry, calling for a new wave of cost cuts, after a survey of IT companies gave a negative outlook for the coming months. It has been reported Searching for Aplha.
“It’s too early to talk about the market bottoming out, the disruption cycle in companies’ hardware forecasts hasn’t passed more than 50-75%,” said Morgan Stanley analyst Eric Woodring.
According to the company’s analysts, there are signs of improvement in the situation with inventories in warehouses, but there is still no confidence that the revenue pace will not worsen in the next quarter.
“Companies are still likely to cut their spending on new PCs and hardware,” Woodring added.
Analysts at Morgan Stanley urge investors to look for companies with high operating efficiency and low risk. The authors called them Apple, CDW, and Teradata. HP, Logitech, Xerox and Cricut have entered a risk zone.
It was previously reported that the founder of Amazon is the American billionaire Jeff Bezos. lost $57 billion In 2022, he currently has a net worth of $114 billion. 2023 remains a tough year so far for Amazon, with the company already undertaking two major waves of layoffs.