Wall Street Breakfast ASML trims the ranks
6 snips
Jan 28, 2026 A major chip equipment maker plans roughly 1,700 job cuts while also reporting record orders and higher sales guidance. AI merger chatter lifts an AI software company as automation deal talk boosts its stock. A big retailer reshapes grocery strategy, expanding Whole Foods and same-day delivery while closing other stores. Markets watch Nvidia chip imports, potential big tech investments, and notable pre-market movers.
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ASML Streamlines To Let Engineers Work
- ASML will cut about 1,700 roles, mostly in technology and IT, to simplify its complex organization.
- Management reductions aim to let engineers focus on engineering and reduce excessive coordination.
Record Orders Lift ASML Guidance
- ASML reported record new orders of €13.2 billion and raised 2026 sales guidance to €34–39 billion.
- Strong demand pushed the company to higher guidance and lifted its pre-market share performance.
C3 AI Rumored To Merge With Automation Anywhere
- C3 AI surged on reports it may merge with Automation Anywhere and go public through that deal.
- The company has struggled, with shares down about 62% over the past year amid performance and strategy concerns.