WS #11629
AI stocks sink globally, dragging markets lower, with Samsung Electronics down 6.9%, AMD down 6.5%, Intel down 9.7%, and Micron down 4.7%. Microsoft cuts 4,800 jobs in Xbox gaming division as Game Pass underperforms, with Xbox revenue down 5% and profit margin at 3%.
Global AI stock selloff
AI stocks sink globally, dragging markets lower, with Samsung Electronics down 6.9%, AMD down 6.5%, Intel down 9.7%, and Micron down 4.7%.
Microsoft cuts 4,800 jobs in Xbox gaming division as Game Pass underperforms, with Xbox revenue down 5% and profit margin at 3%.