The Rundown Jobs Report Signals Slowdown, Meta Secures Nuclear Power Deals
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Jan 9, 2026 The U.S. economy added 50,000 jobs in December, signaling a mixed outlook with steady wages but uncertainties for the Federal Reserve. Meta has signed groundbreaking nuclear energy deals aimed at powering its AI data centers. TSMC has excelled with revenues driven by AI chip demand and iPhone sales. Meanwhile, Intel's stock soars due to manufacturing optimism and favorable government relations. Lastly, millions are now seeking health advice through AI, highlighting a growing trend in medical technology.
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Rotation Out Of Mega-Cap Tech
- Small-cap stocks and the Russell 2000 are outperforming mega-cap tech early in 2026, indicating a rotation into more cyclical areas.
- Zaid sees this as a possible sign of growing optimism about broader economic growth.
Jobs Report Shows Hiring Slump
- The December jobs report shows a weak hiring environment with only 50,000 jobs added and downward revisions to prior months.
- Zaid Admani frames this as a 'low hire, low fire' economy that complicates the Fed's rate cut decisions.
Nuclear Power Is Critical For AI
- Meta signed deals with multiple nuclear energy companies to power its Prometheus AI supercluster and other data centers.
- Zaid highlights that hyperscalers now prioritize access to durable power as much as GPUs for AI growth.