• Tech companies are cutting jobs due to AI efficiencies, with $Meta reducing its workforce by 10%.
• Major layoffs are also expected at $Microsoft(MSFT.US), $Amazon(AMZN.US), and $Oracle(ORCL.US). • $Apple(AAPL.US) faces supply constraints for iPhones due to chip shortages from $Taiwan Semiconductor(TSM.US). • $Sandisk(SNDK.US) reached a record high after exceeding earnings expectations. • $Nebius(NBIS.US) acquired Eigen AI to enhance its cloud computing services. • $Atlassian(TEAM.US) rose following better-than-expected fiscal Q3 earnings. • $Roku(ROKU.US) surged after surpassing Q1 estimates in advertising and subscriptions growth. • $Salesforce(CRM.US) plans to provide more detailed financial disclosures on its AI products.The copyright of this article belongs to the original author/organization.
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