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Block stock rises after cutting jobs and integrating AI.
Fintech company Block, led by Jack Dorsey, has seen its stock rise nearly 10% in three weeks after cutting its workforce by about half.
The reduction was part of a corporate restructuring to integrate AI tools for efficiency.
Despite the layoffs, the company reported strong financial performance with increased gross profits and projected earnings growth, leading analysts to view the stock as a potentially undervalued long-term investment opportunity.
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El stock de bloques sube después de cortar empleos e integrar AI.