WS #11549
Microsoft cuts 4,800 jobs, including 3,200 in Xbox, as part of a major restructuring; shares down 1.5% and down over 20% YTD. Trump urged Americans to buy Dell computers, sending Dell stock up 8%. Morgan Stanley recommends rotating from semiconductor stocks to AI hyperscalers (AMZN, MSFT, META), citing better risk/reward. Fed Governor Waller said inflation risks are now the chief concern, keeping a rate hike on the table for the July meeting. A draft Treasury report warns that AI market risks resemble the dot-com bubble, potentially weighing on tech sentiment.
Microsoft Layoffs Ongoing
Microsoft cuts 4,800 jobs, including 3,200 in Xbox, as part of a major restructuring; shares down 1.5% and down over 20% YTD.
Trump urged Americans to buy Dell computers, sending Dell stock up 8%.
Morgan Stanley recommends rotating from semiconductor stocks to AI hyperscalers (AMZN, MSFT, META), citing better risk/reward.
Fed Governor Waller said inflation risks are now the chief concern, keeping a rate hike on the table for the July meeting.
A draft Treasury report warns that AI market risks resemble the dot-com bubble, potentially weighing on tech sentiment.