Stacks and Cuts
Wall Street’s serving up another round of record-breaking earnings.
Nvidia just became the first company ever to hit a $5T market cap, fueled by ever-surging demand for its AI processing chips. The company hit $4T only three months ago and $3T last year.
Other corporate heavyweights are also cashing in:
- Google’s parent company, Alphabet, crossed the $100B-revenue mark in a quarter for the first time, thanks to ad growth and a 34% jump in its cloud division.
- Starbucks brewed up its first same-store sales growth in nearly two years (up ~1%).
But not everyone is counting stacks. Amazon’s preparing cuts of up to 30,000 corporate jobs, UPS has axed 48,000 this year, and many other companies—including Target and Paramount Skydance—have announced large-scale layoffs.
CHRISTIAN PERSPECTIVE
Massive wealth gains could be here today and gone tomorrow. Don’t let economic news determine your mood, win your heart’s affection, or steal your Kingdom focus.
“No one can serve two masters, since either he will hate one and love the other, or he will be devoted to one and despise the other. You cannot serve both God and money.”
Matthew 6:24 (CSB) (read full passage)