Stock Movers ASML Soars to Record High; Amazon to Cut 16,000 Corporate Positions; GE Vernova 4Q Revenue Beats Estimates
Jan 28, 2026
ASML hits record bookings as AI demand drives orders for high-end chip equipment. Amazon plans to cut 16,000 corporate roles and offers internal transition support. GE Vernova posts stronger-than-expected revenue and builds a massive backlog for gas turbines and grid gear.
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ASML's AI-Fueled Surge
- ASML's Q4 bookings nearly doubled estimates driven by AI demand for top-end lithography machines.
- The company cut 1,700 jobs to reduce bureaucracy while orders surged across the U.S. and South Korea.
Streamline To Fund AI Spending
- Amazon will cut about 16,000 corporate roles to reduce bureaucracy and trim management layers.
- The company offers affected US employees 90 days to find internal roles plus severance and transition support.
Energy Demand Tied To AI Growth
- GE Vernova's backlog jumped to $150 billion with gas turbine orders rising to 40 gigawatts.
- The surge reflects strong demand for equipment that powers data centers and grid infrastructure amid the AI boom.