Microsoft Cuts 20% of Xbox Staff, Apple Locks In Broadcom for AI Chips

Market update for Monday July 6, 2026

Interview with Bloomberg’s Mark Gurman about Apple: (Spotify)

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In today’s episode, Zaid covers:

• Microsoft cutting thousands of jobs and hitting reset on Xbox after years of gaming acquisitions

• Apple extending its Broadcom chip partnership through 2031 as it builds out AI infrastructure

• TeraWulf surging after landing a 20-year Anthropic data center deal

• Strategy falling after selling Bitcoin to fund dividend payments

• Buc-ee’s turning clean bathrooms, brisket, and Beaver Nuggets into a roadside retail empire