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Oracle is cutting 21,000 jobs as its AI infrastructure commitments climb, Reflection has signed a $150 million-a-month SpaceXAI compute deal, and Amazon and Google are racing to secure power for the next wave of data centers.
Google DeepMind is investing roughly $75 million in A24 to develop filmmaking tools, while MoEngage is acquiring Aampe to add autonomous agents to its customer-engagement platform and Meta launches (cheap) smart glasses.
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Micron was the clear standout, surging 6.82% on the day, while Bloom Energy was the only other gainer, rising 5.15%.
SpaceX was the biggest decliner, plunging 16.43%. IREN (-5.15%), Alphabet (-5.08%), and Amazon (-4.75%) also posted steep losses.
Meta fell 2.32%, NVIDIA declined 0.97%, and ASML finished nearly flat, down just 0.02%.
Headlines
Oracle cuts 21,000 jobs as its AI infrastructure commitments jump. (Investor's Business Daily)
Meta partnered with Kylie Jenner on affordable smart glasses (Verge)
Meta created a prediction markets app (NYT)
Reflection signs a $150 million-a-month SpaceXAI compute deal to scale open-source models. (Axios)
Google DeepMind invests about $75 million in A24 to build AI tools for filmmaking. (The Wall Street Journal)
MoEngage acquires Aampe to add autonomous AI agents to its customer-engagement platform. (The Economic Times)
Amazon and Google lead hyperscalers in securing power for AI data centers. (The Wall Street Journal)
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