Microsoft is set to lay off up to 2.5% of its global workforce, which could affect approximately 5,700 employees, including roles in sales, consulting, and the Xbox gaming division. This move follows previous layoffs last year and earlier this year, as the company restructures to focus more on artificial intelligence. The Xbox division is also undergoing significant cuts, with potential studio closures and project cancellations. Despite these layoffs, some affected employees may be offered new roles within Microsoft. The company's stock has recently dropped about 19%, reflecting investor concerns about AI's impact on software services.
Jim Cramer declared the semiconductor trade "broken" as software stocks have outperformed chips since June 2026, with software ETFs up about 22% and chip ETFs down 11% in that period. However, over the longer term since January 2026, chip stocks have...
The Vanguard S&P 500 ETF (VOO) currently allocates over 8% of its holdings to NVIDIA, meaning a $500,000 investment includes about $40,400 in this single chipmaker. This concentration risk arises because VOO weights companies by market value, not inv...
An analyst initiates coverage of Microsoft with a Buy rating and a $611 price target, projecting a 14% upside. The positive outlook is driven by expected growth in Azure cloud services, adoption of Microsoft 365 Copilot, and enterprise AI application...
Nvidia shares fell 1% after Microsoft announced its third-generation Maia 300 AI chip, designed to improve efficiency and reduce costs in AI workloads. The Maia 300 offers 40% more tokens per megawatt and up to seven times the throughput of its prede...
Microsoft President Brad Smith called for urgent global regulation of artificial intelligence, highlighting that AI products currently have less oversight than everyday consumer goods. He praised the UK, particularly its AI Security Institute, as bes...
