Tech industry
fromTNW | Microsoft
10 hours agoLinkedIn becomes the latest name on a 100,000-job tech layoff list
LinkedIn is cutting about 5% of staff due to slower revenue growth and organizational restructuring amid large-scale Big Tech layoffs.
#ai-infrastructure-spending
#ai-infrastructure-spending
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fromBusiness Insider
2 months ago8 of the world's 10 richest people have seen their wealth drop this year as AI jitters grow
Ellison has seen his personal wealth slump by an unrivaled $47 billion to $200 billion as of Tuesday's close, reflecting a 23% plunge in Oracle stock year to date. Investors have grown more skeptical about the database giant's AI infrastructure buildout, particularly as big names such as Michael Burry of "The Big Short" have warned the strategy won't pay off.
Business
Venture
from24/7 Wall St.
2 months agoOptical-Tech Stocks Looking Sharp: Ciena Up 9%, Lumentum Rises 8%, Coherent Climbs 7%
Optical-technology stocks surged on AI infrastructure demand, with Ciena leading after beating earnings and raising guidance, while Lumentum and Coherent gained from S&P 500 inclusion.
Artificial intelligence
from24/7 Wall St.
2 months agoBOTZ Is A Robotics ETF That Quietly Bets Big on AI Chips
BOTZ's returns are primarily driven by AI infrastructure spending rather than robotics, with nearly one-third concentrated in three holdings including NVIDIA, making macro AI capex cycles the dominant performance factor.
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