AI Weekly: Samsung's massive profits, Microsoft's big layoffs

Global tech rout intensifies as shares extend losses, Nasdaq down over 2%

New York [US], June 23 (ANI): The sell-off in global tech stocks intensified on Tuesday as investors became wary of the frenzy around AI, adopting a more cautious approach and evaluating the next steps on how to navigate the technology's soaring costs.Nasdaq 100 extended the selloff opening more than 2 per cent lower on Tuesday, with memory chip heavyweight Micron down more than 11 per cent. The SP 500 fell

Every major tech layoff in 2026 that has name-checked AI

A running look — in reverse chronological order — at the bigger tech companies that have announced significant layoffs this year with AI as a stated factor.

The Capital Dispatch Week of Jul 7, 2026

THIS WEEK’S STORY The AI trade that carried markets through four months of war is showing its first real cracks, and this week it picked the worst possible moment to wobble. Samsung posted a 19-fold profit jump and still sent Korean stocks into circuit breakers. Gold is hovering near record highs while JPMorgan quietly trims [] The post The Capital Dispatch Week of Jul 7, 2026 appeared first on Modern Diplomacy.

The AI memory squeeze is about to hit Europe’s shopping baskets

The AI memory squeeze has been an industry story for months. Now it is heading for the till. Currys, Britain’s biggest consumer electricals retailer, has warned that phones, laptops and TVs will cost more later this year. Chief executive Alex Baldock delivered the warning to reporters after the company posted its annual results, as Reuters [] This story continues at The Next Web

South Korea's mega chips gamble tests optimism of AI cycle

Samsung Electronics and SK Hynix are making one of the biggest bets yet on ‌the artificial intelligence boom with investments worth hundreds of billions of dollars, but the planned capacity buildout is stoking fears of a painful reckoning if AI spending cools. The tech giants won praise -- and a deep bow -- from President Lee Jae Myung after throwing their weight behind the government's semiconductor push, in an apparent departure from a previously restrained approach to capacity expansion shape