Fidelity MSCI Information Technology Index ETF

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Meta stock climbs on report of mass layoff plans to offset AI spend

Ravi Singh4 days ago03 mins

Arda Kucukkaya | Anadolu | Getty Images Meta stock climbed about 3% on Monday, following what it called “speculative” reports that the company is planning to lay off over 20% of its workforce to balance its big artificial intelligence spending plans this year. Reuters reported on Saturday that top executives at the tech giant told…

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Big Tech’s AI bond binge shatters ‘unspoken contract’ with investors

Ravi Singh4 weeks ago04 mins

Hyperscalers are significantly ramping up their AI capex spending — and increasingly using credit markets to fund it. But investors say this shift is challenging mega-cap tech giants’ so-called ‘fortress balance sheet’ status, and rips up what they call the “unspoken contract” that kept speculative AI spending largely separate from debt markets. After Amazon, Meta…