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Weekly Roundup: Block Rallied, Netflix Surged, Nvidia Plunged
Description
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
-Block (XYZ) shares rally 17% after the financial technology company said it was reducing its workforce by nearly half in a bet on AI.
-Netflix (NFLX) stock jumped Friday after the internet television network abandoned its costly bid to buy the studio and streaming units of Warner Bros. Discovery.
- Nvidia (NVDA) was under pressure after OpenAI announced that it had completed a funding round, raising $110 billion. Key investors include SoftBank and Nvidia, both of which have invested $30 billion each, and Amazon, which took a $50 billon stake in the ChatGPT startup.Nvidia fell more than 3%, extending an earnings sell-off on Thursday.
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