WS #11530
Microsoft cuts 4,800 jobs (2.1% of workforce), with significant Xbox restructuring including 3,200 gaming layoffs and studio divestments. US judge rejects Elon Musk's bid to set aside Twitter fraud verdict, negative for TSLA. BofA calls semiconductor selloff a bear trap, names seven stocks to benefit from AI buildout; chip stocks stage revenge trade. Trump states China's Xi will visit the White House in late September, potential de-escalation of US-China tensions. BofA raises IBM price target to $330 citing strong Q2 and improving software mix.
Microsoft layoffs and Xbox restructuring
Microsoft cuts 4,800 jobs (2.1% of workforce), with significant Xbox restructuring including 3,200 gaming layoffs and studio divestments.
US judge rejects Elon Musk's bid to set aside Twitter fraud verdict, negative for TSLA.
BofA calls semiconductor selloff a bear trap, names seven stocks to benefit from AI buildout; chip stocks stage revenge trade.
Trump states China's Xi will visit the White House in late September, potential de-escalation of US-China tensions.
BofA raises IBM price target to $330 citing strong Q2 and improving software mix.