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Tech stocks hit record highs despite AI layoffs and rising inflation concerns.

Market News
04 Jun 2026
Seeking Alpha
View Source
Bearish
pluang ai news

Equity indexes are reaching all-time highs driven by strong Q1 earnings linked to AI, even as major tech companies like Alphabet and Meta cut jobs and reduce buybacks to fund $700 billion AI investments. This heavy spending on AI infrastructure has pressured free cash flow and increased debt among tech giants. Meanwhile, consumer sentiment is low and inflation is rising, creating a complex market environment. Wix recently announced plans to cut about 1,000 jobs, marking its largest layoffs ever, highlighting the broader trend of AI-related workforce reductions despite market gains.

More News (WIX)

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