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Meta

Meta Details Layoffs and Shift Toward AI Workflows

The Facebook parent company will downsize its workforce by 10% on Wednesday, with further workforce reductions planned later. Chief People Officer Janelle Gale announced plans to move 7,000 employees into new, specialized
19/05/2026

SK Hynix Shares Hit Record High on AI Spending Boom

Major US technology firms recently announced plans to increase capital expenditure for advanced data centers throughout the coming year. The South Korean chipmaker significantly outperformed its rival Samsung Electronics, which currently faces
04/05/2026

AI Giants Face High Stakes as Earnings Season Hits

Microsoft, Alphabet, Amazon, and Meta now face intense scrutiny over their record-breaking infrastructure investments. These “hyperscalers” expect to spend over $600 billion this year on essential AI-related data centers. Investors increasingly question
29/04/2026

Big Tech Faces $600 Billion AI Profitability Test

Investors demand clear evidence that massive capital expenditures actually translate into sustainable profit growth for shareholders. Alphabet, Microsoft, Meta, and Amazon must justify these costs through enhanced cloud computing and advertising returns.
28/04/2026
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