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Tech Giants Are Going Nuclear & $420B Wipeout Scares Chip Industry

Morning Brew Daily

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Tech's Nuclear Energy Shift and Semiconductor Market Challenges

This chapter explores the growing interest of major tech companies, like Microsoft, in nuclear power to meet the escalating energy needs of data centers, particularly as AI advances. It also delves into ASML's disappointing earnings and its monopolistic position in the semiconductor market, amidst a backdrop of significant stock losses. Additionally, the chapter addresses the FTC's new rules aimed at simplifying subscription cancellations, highlighting consumer frustrations with complex processes.

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