Microsoft Corp

• Asia markets mostly rise after Wall Street gains on rate-cut hopes fueled by weak jobs data - The ADP report is the last jobs picture the Federal Reserve gets before it meets Dec. 9-10. Markets are now pricing in an 89% chance of a cut.
• Microsoft stock sinks on report AI product sales are missing growth goals - Microsoft stock sank after a report that multiple sales teams for the company's Azure Foundry product missed growth goals in the last fiscal year.
• Anthropic reportedly preparing for one of the largest IPOs ever in race with OpenAI: FT - Anthropic, the AI startup behind the popular Claude chatbot, is reportedly in talks to launch one of the largest initial public offerings ever as 2025.
• AI stock rally may be driven by fear of missing out, but strategists say hold tight - The European Central Bank on Wednesday warned of high valuations and increased concentration of global stocks.
• A 'seismic' Nvidia shift, AI chip shortages and how it's threatening to hike gadget prices - The AI infrastructure buildout is creating shortages of components including various types of chips that are also used in consumer electronics.