BREAKING: Meta, $META, is considering raising "tens of billions of dollars" in a stock offering as it seeks new sources of capital following the launch of Google’s record $85 billion equity raise this week, per FT.
Nvidia $NVDA CEO Jensen Huang has certified that
Micron $MU, Samsung, and SK Hynix all can now supply HBM4 memory to Nvidia's new most advanced generation of chips
AI REMAINS THE LEADING CAUSE OF U.S. JOB CUTS FOR A THIRD STRAIGHT MONTH; 88,000 LAYOFFS HAVE BEEN ATTRIBUTED TO AI SO FAR THIS YEAR, ALREADY 60% ABOVE THE TOTAL AI-RELATED JOB LOSSES RECORDED IN ALL OF 2025.
The trend highlights the accelerating impact of artificial intelligence and automation on workforce restructuring across multiple industries.
While AI labs promise ROI, the reality is the technology costs more than ever — and more companies are deciding they can't afford it, writes @Parmy (via @opinion) https://t.co/yoOewh9Rdg
Investors are all-in on US technology funds:
Tech sector ETFs have attracted a whopping +$27 billion in cumulative inflows since the S&P 500 low on March 30th.
Over the same period, all other sectors combined have seen -$4.0 billion in outflows.
Since mid-April, inflows into tech funds have TRIPLED.
The Nasdaq 100 ETF, $QQQ, alone attracted +$15 billion in combined inflows in April and May.
The largest outflows were recorded in financials and healthcare sectors.
Investors are buying tech at an unprecedented pace.
$UBER just announced that it is cutting 23% of jobs in its "People" division that includes human resources, recruitment, workplace facilities and culture - Bloomberg
🚨 BIG CRASH IN US STOCKS.
Over $500 BILLION has been wiped out from the US stock market in just 20 minutes as markets started dumping immediately after open.