WS #11550
Microsoft cuts 4,800 jobs, including 3,200 at Xbox, as part of a major restructuring; stock underperforms tech peers. Anthropic signed a 20-year lease with TeraWulf for AI compute, signaling extreme compute demand and benefiting WULF. Dell stock jumps 8% after Trump urges Americans to buy Dell computers during Trump Accounts launch event. Treasury Department draft report warns AI market risks resemble dot-com bubble, potentially triggering regulatory scrutiny. Criteo receives takeover proposal from Vista Equity and Quinti Capital at over 50% premium. Fed Governor Waller said inflation risks are the chief concern, keeping a rate hike on the table for July; hawkish tilt pressures growth stocks.
Microsoft Layoffs and Xbox Restructuring
Microsoft cuts 4,800 jobs, including 3,200 at Xbox, as part of a major restructuring; stock underperforms tech peers.
Anthropic signed a 20-year lease with TeraWulf for AI compute, signaling extreme compute demand and benefiting WULF.
Dell stock jumps 8% after Trump urges Americans to buy Dell computers during Trump Accounts launch event.
Treasury Department draft report warns AI market risks resemble dot-com bubble, potentially triggering regulatory scrutiny.
Criteo receives takeover proposal from Vista Equity and Quinti Capital at over 50% premium.
Fed Governor Waller said inflation risks are the chief concern, keeping a rate hike on the table for July; hawkish tilt pressures growth stocks.