WS #11527
Microsoft cuts 4,800 jobs (2.1% of workforce), with Xbox losing 1,600 immediately and 1,600 more over the next year; four studios spun off. TeraWulf signs 20-year, $19 billion lease with Anthropic for AI campus in Kentucky, boosting Bitcoin mining stocks. Broadcom and Apple extend chip deal through 2031, now including AI components. Goldman Sachs raises AMD price target from $450 to $640, maintains Buy rating.
Microsoft Layoffs and Xbox Restructuring
Microsoft cuts 4,800 jobs (2.1% of workforce), with Xbox losing 1,600 immediately and 1,600 more over the next year; four studios spun off.
TeraWulf signs 20-year, $19 billion lease with Anthropic for AI campus in Kentucky, boosting Bitcoin mining stocks.
Broadcom and Apple extend chip deal through 2031, now including AI components.
Goldman Sachs raises AMD price target from $450 to $640, maintains Buy rating.