Nvidia Projects $1 Trillion in AI Chip Revenue as Meta Prepares to Cut 20% of Its Workforce

Jensen Huang doubled Nvidia’s revenue forecast to “at least $1 trillion” through 2027 — the largest upward revision in semiconductor history. Hours later, Reuters reported Meta is considering cutting 20% of its workforce (~16,000 jobs) to offset $135B in AI infrastructure spending. Brent settled at $102.14 as European allies formally rejected Trump’s Hormuz coalition demand. Gold hit $5,033. Kraken became the first crypto firm to receive a Fed master account. Phantom MK-1 humanoid robots reached the Ukrainian battlefield. The AI economy creates unprecedented capital demand and destroys the jobs it was meant to augment.