Nvidia and AMD have agreed to give the U.S. government 15% of revenue from sales to China of advanced computer chips in an unusual move likely to faze American companies.
Read More Nvidia, AMD to pay 15% of China chip sale revenue to US, official says
Shares of Netflix soared 13% to an all-time high after the streaming giant’s big bet on sports helped add a record 18.9 million subscribers in the holiday quarter.
Read More Netflix shares hit record as subscriber growth defies odds once again
Walt Disney named Morgan Stanley veteran James Gorman as chair and said it would announce a replacement for CEO Bob Iger in early 2026.
Read More Disney to name CEO Bob Iger’s replacement in 2026, taps Morgan Stanley’s Gorman as chair
The U.S. Department of Justice’s proposed remedies to break up Google’s search dominance could weaken its main profit engine and stall its advances in AI.
Read More US plan to break up Google’s search dominance threatens profit engine, AI growth
Nvidia shares were soaring 10% afternoon after the company announced a 10-for-one stock split as part of a blockbuster quarterly report.
Read More Nvidia’s split of soaring stock could boost retail investor appeal, Dow chances
Shares of Reddit rose 14% on Friday, following a partnership with artificial intelligence firm OpenAI that is expected to draw in more users for the social media platform.
Read More Reddit stock jumps after OpenAI partnership