Nvidia Chips in China; Paramount Ups Warner Bid; Home Depot Cautious
On this episode of Stock Movers:
- Nvidia (NVDA) outperforms Magnificent Seven stocks in premarket trading after President Donald Trump granted the chip giant permission to ship its H200 artificial intelligence chip to China in exchange for a 25% surcharge.
- The fight over the future of Hollywood just got nastier. Paramount Skydance (PSKY) launched a hostile takeover bid for Warner Bros. Discovery Inc. at $30 a share in cash on Monday, just days after the company agreed to a deal with Netflix Inc. The offer values Warner Bros. at $108.4 billion, including debt.
- Home Depot (HD) is offering cautious preliminary guidance for next year, a sign that the home-improvement retailer doesn’t anticipate the housing market to rebound in the short term.
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