Jonathan Wong
The Latest
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Goldman Sachs Sees $2 Billion Nvidia Revenue Beat, Says Stock Hinges on 2027 Outlook
Nvidia is expected to deliver another blockbuster quarter when it reports fourth-quarter earnings on Feb. 25, but analysts at Goldman Sachs say the company's share price reaction will depend less on near-term results and more on management's visibility into demand beyond 2026. 
Nvidia is expected to deliver another blockbuster quarter when it reports fourth-quarter earnings on Feb. 25, but analysts at Goldman Sachs say the company's share price reaction will depend less on near-term results and more on management's visibility into demand beyond 2026. -
Amazon Cuts 16,000 Jobs as $200 Billion AI Spending Plan Triggers 10% Stock Drop
Amazon eliminated 16,000 corporate jobs last week and days later committed to spend about $200 billion on artificial intelligence and related infrastructure, a pairing that rattled investors and sent the company's shares down more than 10% in after-hours trading. The disclosure came with fourth-quarter results that beat revenue expectations but delivered a capital-expenditure figure far above Wall Street forecasts. 
Amazon eliminated 16,000 corporate jobs last week and days later committed to spend about $200 billion on artificial intelligence and related infrastructure, a pairing that rattled investors and sent the company's shares down more than 10% in after-hours trading. The disclosure came with fourth-quarter results that beat revenue expectations but delivered a capital-expenditure figure far above Wall Street forecasts. -
Meta Stock Wobbles After Earnings as $135 Billion AI Capex Plan Tests Investor Tolerance
Shares of Meta Platforms fell 3.2% on Wednesday, extending a post-earnings pullback despite the company reporting strong fourth-quarter results, as investors weighed accelerating costs tied to artificial-intelligence expansion against already lofty expectations baked into the stock. 
Shares of Meta Platforms fell 3.2% on Wednesday, extending a post-earnings pullback despite the company reporting strong fourth-quarter results, as investors weighed accelerating costs tied to artificial-intelligence expansion against already lofty expectations baked into the stock. -
Elon Musk Attacks Spain’s Prime Minister as Madrid Targets Grok With New AI Liability Laws
A public clash between Elon Musk and Pedro Sánchez has escalated into a broader confrontation over artificial-intelligence regulation, after Spain announced sweeping digital-safety reforms that could expose platform executives to criminal liability and place new restrictions on AI-generated content. 
A public clash between Elon Musk and Pedro Sánchez has escalated into a broader confrontation over artificial-intelligence regulation, after Spain announced sweeping digital-safety reforms that could expose platform executives to criminal liability and place new restrictions on AI-generated content. -
Citigroup Plans 60,000 Job Cuts by 2026 as Automation Redefines Global Banking Work
Citigroup's plan to reduce its global workforce by roughly 60,000 employees by the end of 2026 is emerging as one of the clearest signals yet that job losses across financial services are becoming structural rather than cyclical. The cuts, confirmed by Mark Mason, would bring the bank's headcount to about 180,000 and reflect a transformation driven by automation, artificial intelligence and a narrower strategic focus, rather than an economic downturn. 
Citigroup's plan to reduce its global workforce by roughly 60,000 employees by the end of 2026 is emerging as one of the clearest signals yet that job losses across financial services are becoming structural rather than cyclical. The cuts, confirmed by Mark Mason, would bring the bank's headcount to about 180,000 and reflect a transformation driven by automation, artificial intelligence and a narrower strategic focus, rather than an economic downturn. -
25,000 Tech Jobs Cut in January as Amazon, Meta and Banks Signal a New Phase of Layoffs
A new wave of job cuts swept through the global technology sector in January, eliminating nearly 25,000 roles in a single month and signaling that the post-pandemic workforce reset is far from over. Data from Layoffs.fyi shows that 24,818 jobs were cut across 27 technology companies in January alone, extending a downsizing cycle that has now reached beyond startups to some of the world's most profitable corporations. A new wave of job cuts swept through the global technology sector in January, eliminating nearly 25,000 roles in a single month and signaling that the post-pandemic workforce reset is far from over. Data from Layoffs.fyi shows that 24,818 jobs were cut across 27 technology companies in January alone, extending a downsizing cycle that has now reached beyond startups to some of the world's most profitable corporations. -
Inside Amazon’s Layoffs: Workers Dispute AI Narrative as 30,000 Corporate Roles Disappear
Amazon's latest wave of corporate layoffs-now exceeding 30,000 roles since last autumn-has been widely framed as a consequence of artificial intelligence replacing human labor. But interviews with current and former employees, including senior figures directly involved in Amazon's AI initiatives, point to a more conventional explanation: cost cutting after years of pandemic-era expansion at Amazon. 
Amazon's latest wave of corporate layoffs-now exceeding 30,000 roles since last autumn-has been widely framed as a consequence of artificial intelligence replacing human labor. But interviews with current and former employees, including senior figures directly involved in Amazon's AI initiatives, point to a more conventional explanation: cost cutting after years of pandemic-era expansion at Amazon. -
Amazon’s 30,000 Layoffs Tied to Massive GPU Funding Hole as AI Spending Soars - Report
Amazon's decision to eliminate roughly 30,000 corporate jobs over late 2025 and early 2026 has reverberated across the tech sector, as analysts increasingly frame the cuts less as a triumph of automation and more as a response to the soaring cost of artificial-intelligence infrastructure. Amazon's decision to eliminate roughly 30,000 corporate jobs over late 2025 and early 2026 has reverberated across the tech sector, as analysts increasingly frame the cuts less as a triumph of automation and more as a response to the soaring cost of artificial-intelligence infrastructure. -
Amazon Starts Largest Layoffs on Record as Up to 30,000 Corporate Roles Face Elimination
Amazon began the first wave of what could become the largest layoffs in its history on Jan. 26, initiating a multimonth workforce reduction that may eliminate up to 30,000 corporate jobs across the United States. Regulatory filings show that between 1,001 and 2,500 employees in Washington state are affected in the opening phase, with additional cuts scheduled through May in California, Virginia, and New Jersey. Amazon began the first wave of what could become the largest layoffs in its history on Jan. 26, initiating a multimonth workforce reduction that may eliminate up to 30,000 corporate jobs across the United States. Regulatory filings show that between 1,001 and 2,500 employees in Washington state are affected in the opening phase, with additional cuts scheduled through May in California, Virginia, and New Jersey. -
Tesla Ends One-Time FSD Sales, Shifts Self-Driving Software to $99-a-Month Subscription
Tesla will stop selling its Full Self-Driving software outright and move entirely to a subscription-based model next month, a strategic shift that turns one of the company's most controversial features into a recurring monthly bill and reframes how customers "own" core functionality in their vehicles. 
Tesla will stop selling its Full Self-Driving software outright and move entirely to a subscription-based model next month, a strategic shift that turns one of the company's most controversial features into a recurring monthly bill and reframes how customers "own" core functionality in their vehicles.
