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Nvidia (NVDA.O) CEO: In three to five years, Nvidia's market capitalization will be much higher than it is today

Glonghui, May 27 | Micron has become the 12th American company to reach a market capitalization of 1 trillion USD, and the first headquartered in Idaho. Reportedly, Micron has set the fastest record in US stock market history for rising from a 500 billion USD market cap to the 1 trillion USD mark. According to Dow Jones market data, it reached the "1 Trillion USD Club" threshold only 48 trading days after it first surpassed a 500 billion USD market value. In comparison, the leading AI chip manufacturer Nvidia took 490 trading days to cross the same milestone.

(1) As part of a large-scale restructuring centered on artificial intelligence, Meta will lay off nearly 1,400 employees in Washington State, affecting positions in Seattle, Bellevue, Redmond, and remote roles. The layoffs will take effect starting July 22. (2) The impacted positions include software engineers, data scientists, content designers, IT personnel, and more, with engineering and product manager roles being hit the hardest: 699 layoffs at one Bellevue office, 259 across two Seattle offices, 206 at one Redmond office, and 231 remote employees statewide. (3) A Meta spokesperson stated that the adjustments vary by team, including layoffs, closing vacant positions, and moving thousands of employees into key priority roles. This is part of Meta’s global layoff plan announced last month—to reduce about 10% of its global workforce (around 8,000 positions) while also shifting thousands into AI roles. (4) Employees in Washington State affected by these layoffs were notified on May 20 and will continue to receive salary and benefits until departure. As of the end of March, Meta employed nearly 78,000 people worldwide.