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Tech Giants Update: AI Advances and Buybacks | Markets & Money News
Major developments this week include a dip in the S&P 500, driven by tech and consumer stocks, while energy stocks reach new heights. Microsoft plans to scale its Azure Maia custom chips, potentially reducing reliance on Nvidia. Meta has unveiled the AI model Muse Wonder, promising significant advancements for its subscribers. Additionally, Micron is set to initiate a $33 billion share buyback program in December to enhance investor confidence. Anticipation builds for upcoming earnings reports
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