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- Jun 3rd Stock Market Update - Google Cloud and Microsoft Hololens teams confirm layoffs
Jun 3rd Stock Market Update - Google Cloud and Microsoft Hololens teams confirm layoffs
$ABNB $BLND $CPRI
Mukund Mohan
June 03, 2024
Market
“Google laid off about 100 (out of tens of thousands) of employees in the Cloud division, and Microsoft laid off the entire Hololens (mixed reality) team, as the big tech companies are still optimizing their workforce” 🤔 🥴
NASDAQ had a great start to June on good analyst upgrades for Nvidia and Apple
The move higher for NASDAQ and a flat S&P 500 was a good start to the new quarter. The story of the last Quarter earnings was rotation in technology from SaaS to Semiconductors (AI)
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Technology stocks are driven by Semiconductor stocks, but SaaS is struggling
Nvidia, META, Amazon and Apple drove the index higher in the first trading in June but the Dow headed lower on energy stocks.
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Today’s video is on AirBnB $ABNB the biggest short term rental company with strong earnings growth.
