Learn which two megacap stocks are worth considering.
The layoffs will impact teams including Azure for Operators and Mission Engineering, according to the report. The Azure for Operators layoffs involve as many as 1,500 job cuts, it added, citing people familiar with the situation. The cuts come after the company shed 1,900 jobs at Activision Blizzard and Xbox in January this year.
As Nvidia stock takes aim at another record high and market-cap dominance, AMD and TSM set up alongside two top drugmakers.