Oracle just made history for the worst possible reason. The cloud computing giant axed 30,000 jobs in a single day, the largest one-day workforce reduction in tech history. The company tied the…
Category: Amazon
AI boom or boardroom cuts? New layoffs spark fear across tech industry
The technology industry is cutting jobs at a rapid pace in 2026. The reason is, of course, money as well as where it is going. Companies across the globe are pouring record…
Hundreds of billions in AI’s next big frontier faces new danger from war in Iran
The rapid expansion of artificial intelligence infrastructure in the Middle East is facing a new test as escalating military tensions in the region raise security concerns. The war in Iran threatens hundreds…
Wall Street’s blueprint for the next wave of AI stocks
The U.S. stock market is wrapping up 2025 with a strong performance, though the forces behind those gains have shifted. The S&P 500 is on track to rise more than 17%, extending…
Bubble talk isn’t scaring investors, AI stocks continue to tempt them
Wall Street faces a peculiar contradiction in 2025 that market participants freely admit yet steadfastly ignore. AI stocks carry bubble-level valuations, most traders concede. Selling those positions, however, isn’t happening. New survey…
Should investors buy AI technology stocks heading into 2026?
The extraordinary boom that powered AI technology stocks through the last three years has lost momentum, prompting Wall Street to rethink what comes next as 2026 approaches. Major players in the AI…
Artificial intelligence stocks poised for durable gains, not bubble risk
The artificial intelligence revolution continues to reshape financial markets, and a leading technology analyst believes the sector’s growth story remains in its infancy. Dan Ives of Wedbush Securities pushes back against critics…
AI infrastructure boom puts Nvidia on top as bubble fears grow
Nvidia showcased the ongoing strength of AI infrastructure investment this week through impressive financial results. However, the company’s positive revenue figures and forward guidance failed to resolve mounting questions about whether the…
What is Rufus, Amazon’s biggest AI bet so far?
Amazon’s artificial intelligence shopping assistant is making significant financial waves, with the retail giant projecting that Rufus will influence approximately $10 billion in annualized sales. The milestone represents a notable achievement for…
AI disruption or corporate cuts? Amazon layoffs shake labor markets
In a stark acknowledgment of the disruptive potential of artificial intelligence, Amazon announced it will cut up to 14,000 white-collar positions. The Amazon layoffs come despite the tech titan having reported robust…