Hereโs how the Magnificent 7 stocks did in the past year:
Nvidia $NVDA +47%๐ข
Apple $AAPL +53%๐ข
Google $GOOGL +119%๐ข
Microsoft $MSFT -11%๐ด
Amazon $AMZN +18%๐ข
Meta Platforms $META -13%๐ด
Tesla $TSLA +37%๐ข
US tech layoffs are surging:
US-based technology employers announced 38,242 job cuts in May, the highest monthly total since August 2024, according to Challenger Gray data.
Year-to-date, tech sector job cuts rose +66% YoY, to 123,653, the highest among all sectors, and 3x larger than transportation, the next closest sector.
AI was the most cited reason for job cuts for the 3rd consecutive month, with 38,579 cuts attributed to AI in May alone, the highest since Challenger began tracking in 2023.
This accounts for 40% of all layoffs announced last month, up from just 7% in January.
Year-to-date, AI has been cited in 87,714 job cuts in 2026, or 22% of the total, already surpassing the 54,836 recorded in all of 2025 and 12,742 in 2024.
AI continues to reshape the labor market.
@Kikiki7Ki Golden crosses can be interesting signals but past performance never guarantees the future. I'd want to see volume confirm this time before getting too excited.
CleanSpark just hit its first Golden Cross since July 2025 ๐จ Last time it happened, shares shot up over 90% in the next 3 months โ Could $CLSK be gearing up for another run? Want bigger exposure? Check out the Tradr 2X Long CLSK Daily ETF $CLSX from TradrETFs
The Unusual Whales Livestream is back! Tune in as we talk about our tools and how to make sense of the flow. Check out the unusual options here: https://t.co/ju5mqmYMFh