WS #11539
Microsoft announced 4,800 job cuts (2.1% of workforce), with 3,200 in Xbox division, as part of a restructuring to fund AI investments amid weak gaming margins. Nvidia refuted a report of next-gen Kyber rack delay, with the stock rising; the delay is confirmed but limited to a specific rack variant, not core products. Broadcom extended its custom chip supply agreement with Apple through 2031, including for Apple's first AI server chip 'Baltra', bullish for both AVGO and AAPL.
Microsoft massive layoffs and Xbox restructuring
Microsoft announced 4,800 job cuts (2.1% of workforce), with 3,200 in Xbox division, as part of a restructuring to fund AI investments amid weak gaming margins.
Nvidia refuted a report of next-gen Kyber rack delay, with the stock rising; the delay is confirmed but limited to a specific rack variant, not core products.
Broadcom extended its custom chip supply agreement with Apple through 2031, including for Apple's first AI server chip 'Baltra', bullish for both AVGO and AAPL.