Weekly Roundup: Block Rallied, Netflix Surged, Nvidia Plunged
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…
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