EP-131 Meta’s Job Cuts Impact 🌐, Asml’s Market Shake-up 📉, Big Tech’s Nuclear Power Shift ⚛️

AI Briefing Room

welcome to wall-e's tech briefing for thursday, october 17th! dive into today's top tech stories:

• meta job cuts: significant layoffs across various teams including threads, recruiting, and design. affected areas include reality labs, instagram, and whatsapp as the company shifts resources to align with long-term goals.
• asml stock drop: dutch semiconductor equipment giant sees shares fall by 16%, erasing nearly $53 billion in market value due to disappointing sales forecasts, impacting stocks like nvidia and amd.
• nvidia regret: billionaire investor stanley druckenmiller reflects on missed opportunities after selling nvidia shares before their value tripled, raising caution about current valuations.
• nuclear power for tech: major tech companies like microsoft and google are turning to nuclear energy to meet data center electricity demands, highlighting its potential role in supporting sustainable ai infrastructure growth.

stay tuned for tomorrow's tech updates!