Amazon Plans Largest Layoff with 30,000 Corporate Job Cuts

Major U.S. stock indexes rose, with notable gains in Amazon, SoFi, Hyperscale Data, and Celestica driven by various corporate developments including Amazon's plan to cut up to 30,000 corporate jobs, SoFi's upcoming strong earnings, Hyperscale Data's Bitcoin mining fleet upgrade, and Celestica's strong Q3 earnings and raised outlook. IonQ's stock surged nearly 38% this year amid significant quantum computing advancements and potential investment from the Trump administration, signaling federal interest in the sector's growth. Despite its unprofitability due to heavy R&D, IonQ's revenue is expected to grow rapidly, bolstered by partnerships with major cloud service providers like Amazon and Microsoft. Other articles on telecom stocks and volatile industrial stocks, such as Texas Instruments and Thermon, were unrelated to the main themes of tech stock performance and quantum computing advancements and thus omitted from the summary.