Cable and wire company shares have seen a decline. This is due to a sudden increase in copper and aluminium prices. Investors are reacting to rising input costs. Demand remains steady. Sterlite Technologies is an outlier as it manufactures optical fibre cables. Other companies face higher production costs. Dispatches are slowing as dealers wait for prices to cool.
Cash takes centre stage as investors rethink AI spending boom
Investors are increasingly focused on technology companies’ cash generation capabilities to fund artificial intelligence investments. Microsoft and Oracle are gaining positive attention from investors, while