WS #11541
Semiconductor stocks rebound sharply after last week's selloff, led by Broadcom-Apple extension and Nvidia refuting delay; SK Hynix launches ~$28B US IPO. Microsoft cuts 4,800 jobs (2% of workforce), with 3,200 in Xbox, as part of AI-focused restructuring; four game studios to be sold or spun off.
AI/Semiconductor Rebound
Semiconductor stocks rebound sharply after last week's selloff, led by Broadcom-Apple extension and Nvidia refuting delay; SK Hynix launches ~$28B US IPO.
Microsoft cuts 4,800 jobs (2% of workforce), with 3,200 in Xbox, as part of AI-focused restructuring; four game studios to be sold or spun off.