Microsoft Cuts 20% of Xbox Staff, Apple Locks In Broadcom for AI Chips
Market update for Monday July 6, 2026
Interview with Bloomberg’s Mark Gurman about Apple: (Spotify)
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In today’s episode, Zaid covers:
Microsoft cutting thousands of jobs and hitting reset on Xbox after years of gaming acquisitions
Apple extending its Broadcom chip partnership through 2031 as it builds out AI infrastructure
TeraWulf surging after landing a 20-year Anthropic data center deal
Strategy falling after selling…
The skinny
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