Nvidia’s $500bn loss, layoffs at Microsoft & Amazon, & more tech news of week
Tech giants Amazon and Microsoft announced layoffs affecting multiple divisions, while SEBI took action against financial influencers for misleading advice. Nvidia faced a significant market value drop due to Chinese AI app DeepSeek. In other updates, Zoho’s Sridhar Vembu steps down as CEO, and Apple released its iOS 18.3 update with improved features.