Broadline Retail(IN00378.US)

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Amazon cuts 16,000 jobs globally, with a total reduction of 30,000 people across two rounds of layoffs

Amazon announced a global reduction of 16,000 positions, becoming the latest company to lay off employees. This round of layoffs primarily targets management, aiming to streamline the organizational structure and improve efficiency. The company will provide U.S. employees with 90 days to seek internal positions and severance pay. This round of layoffs brings Amazon's total job cuts to 30,000 within three months. Amazon CEO Andy Jassy stated that excessive hiring during the pandemic has raised concerns among management, and the company will continue to adjust its workforce based on actual circumstances in the future

Stheadline·
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IBUY
-1.55%
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RTH
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CLOU
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Stheadline·
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IBUY
-1.55%
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RTH
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CLOU
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"Big Banks" Citigroup: China approves the purchase of H200 chips, Tencent becomes the biggest beneficiary

Citi's report pointed out that Chinese regulators have approved Alibaba, Tencent, and ByteDance to purchase NVIDIA's H200 artificial intelligence chips. If the news is confirmed, it will have a positive impact on Tencent, Alibaba, and the Chinese internet industry, especially Tencent. Tencent's management has mentioned that they may consider leasing GPU computing power in the event of procurement restrictions. Citi believes there is an increased risk of capital expenditure in 2026, and the outlook for the artificial intelligence industry is optimistic for Tencent, Alibaba, and Baidu

AASTOCKS·
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BABX
+3.56%
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BABA
+1.70%
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09988
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AASTOCKS·
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BABX
+3.56%
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BABA
+1.70%
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09988
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On the first day of its launch, the K2.5 model of Dark Side of the Moon topped multiple global charts

The Kimi K2.5 model released by the AI startup Dark Side of the Moon, supported by Alibaba-W, quickly topped multiple global rankings after its launch. In the LMarena ranking, Kimi K2.5 is the number one open-source model, second only to closed-source models like Claude opus 4.5 and Genimi3 Pro. Meanwhile, in the Artificial Analysis ranking, Kimi K2.5 ranks fifth, becoming the highest-ranked among all open-source models

AASTOCKS·
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00241
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BABA
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AASTOCKS·
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BABA
+1.70%
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South Korea police conducting search and seizure at Coupang, Yonhap reports

South Korean police are conducting a search and seizure operation at e-commerce company Coupang related to a corruption probe involving a member of parliament, Kim Byung-kee. He is under investigation for allegedly trying to influence matters for personal gain. Coupang is also facing scrutiny over a significant data leak that has raised concerns among U.S. investors and lawmakers. The police and Coupang have declined to comment on the ongoing investigations.

Reuters·
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CPNG
+1.19%
Reuters·
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CPNG
+1.19%

21:07 ET INVESTOR ALERT: Coupang, Inc. (CPNG) Investors with Substantial Losses Have Opportunity to Lead the Coupang Securities Class Action Lawsuit

Hagens Berman, a national shareholder rights firm, is reminding investors in Coupang, Inc. (NYSE: CPNG) about the February 17, 2026, lead plaintiff deadline for a class action lawsuit. The lawsuit claims Coupang misled investors regarding its cybersecurity measures, failing to detect a data breach affecting 33.7 million accounts for nearly six months. This incident has led to a $1.2 billion compensation plan and the resignation of CEO Park Dae-joon, resulting in a loss of over $8 billion in market value. Investors who suffered losses between May 7, 2025, and December 16, 2025, are encouraged to contact the firm.

prnewswire·
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EBIZ
-1.34%
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ONLN
-1.04%
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CPNG
+1.19%
prnewswire·
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EBIZ
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MSFT F2Q26 First Take. Overall, revenue, GP, and OP were solid, modestly ahead of prior guidance and the Bloomberg sell-side consensus.

The key watch was Azure’s unexpected slowdown, with growth at 38...

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$Microsoft(MSFT.US) earnings tonight key points:

Bottom line. I don't have a sense of what the stock does tomorrow.

➡️Azure. Growth is expected to be 37.8% (Factset) vs. 39% in September. For March 26,.........

$Meta Platforms(META.US) earnings tonight key points:

Bottom line: I expect the stock will be up because Zuckerberg will remind investors long term he wants revenue to grow faster than expenses.

➡️ Last..................

With AMZN focusing heavily on AI infra, they must be a huge buyer of AMD Instinct chips too, right?

Alibaba Cloud's new service integration is smart. But the cloud market is brutally competitive globally

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