The technology sector is experiencing contrasting fortunes as artificial intelligence investments reshape the industry landscape. Several major developments highlight the sector's current volatility and transformation.

LinkedIn is planning to reduce its workforce by approximately 5% as part of broader cost-cutting measures affecting the tech industry, according to a source familiar with the matter. The professional networking platform's layoffs add to a series of job reductions across technology companies as they adjust to changing market conditions.

Meanwhile, AI-focused companies are attracting significant investment and showing strong growth metrics. Defense technology startup Anduril has raised $5 billion in new funding, doubling its valuation to over $60 billion. The company, backed by Thrive Capital and Andreessen Horowitz, reported achieving $2.2 billion in revenue for 2025.

In the AI services sector, Anthropic has surpassed OpenAI in verified business customers for the first time, according to data from financial technology firm Ramp's monthly AI Index. This shift indicates growing competition in the enterprise artificial intelligence market.

Semiconductor and data center companies are benefiting from AI demand, with Tower Semiconductor forecasting strong quarterly revenue and announcing $1.3 billion in AI chip deals. Cloud infrastructure provider Nebius reported a 684% sales increase driven by AI data center growth. The surge in AI infrastructure needs has also driven record prices for certain metals used in data center construction.

However, not all tech giants are thriving. Alibaba reported its first operating loss since 2021 following significant investments in artificial intelligence capabilities, demonstrating the substantial costs associated with AI development and competition.