ASML Signals More AI Spending, Amazon Cuts 16,000 Jobs

The Rundown · Jan 28, 2026 · 9m

Market update for Wednesday January 28, 2026

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In today’s episode:

US Dollar continues to slide

ASML delivers record orders, signaling that AI infrastructure spending is still accelerating

China approves sales of Nvidia’s H200 chips to major tech firms

Amazon announces 16,000 corporate layoffs

Starbucks shares jump after traffic grows for the first time in two years

Corning slips on guidance despite landing a massive $6B AI fiber deal with Meta

Fun fact: Zoom’s early investment in Anthropic could now be worth up…