All three major U.S. stock indexes closed higher
According to a report by Jinse Finance, the three major U.S. stock indices collectively closed higher, with the Nasdaq up 1.52%, the S&P 500 up 0.63%, and the Dow Jones up 0.21%. Microsoft surged over 7% as the company's third fiscal quarter of 2025 exceeded expectations across the board, driven by strong growth in its cloud computing business. Meta rose over 4%, Amazon over 3%, Nvidia over 2%, Google over 1%, while Apple and Netflix saw slight increases; Tesla and Intel experienced slight declines.
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Under financial pressure from AI investments, Microsoft offers voluntary severance packages to 60,000 employees, affecting departments such as Xbox and Windows
As of the end of June, Microsoft had a total of 223,000 employees worldwide. This latest round of measures involves more than one-quarter of the total workforce, covering departments such as Xbox, Windows, Copilot, and Finance. Positions related to data centers, sales, cybersecurity, and quantum computing are not included. A Microsoft spokesperson stated that the proportion of employees expected to accept the proposal is below 30%. Microsoft is scheduled to release its financial report on Wednesday, and the market is focused on whether its investments in AI have begun to yield quantifiable returns.
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