Oracle's AI Spending Spurs Layoffs

MRKT Matrix - Thursday, March 5th

• Dow falls 785 points as oil resumes surge, hitting $80 a barrel amid Iran conflict (CNBC)
• Investors buy America again. They have no choice. (Axios)
• Bond Traders See Increasing Chance of No Fed Cuts This Year (Bloomberg)
• Oracle Plans Thousands of Job Cuts in Face of AI Cash Crunch (Bloomberg)
• Meta Plans to Develop Custom Chips to Train Its AI Models (Bloomberg)
• US Mulls Requiring Permits for Global Nvidia, AMD AI Chip Sales (Bloomberg)
• Nvidia stops production of chips intended for Chinese market (FT)
• China Signals New Era of Slower Economic Growth (WSJ)

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MRKT Matrix by RiskReversal Media is a daily AI powered podcast bringing you the top stories moving financial markets

Story curation by RiskReversal, scripts by Perplexity Pro, voice by ElevenLabs