The US stock market opened pretty well today, with all three major indexes in the green— the Dow Jones edged up 0.08%, the S&P 500 rose 0.17%, and the Nasdaq climbed 0.26%.
Baidu performed quite strongly today, with its stock price surging nearly 6%. There are market rumors that its AI chip subsidiary Kunlun Chip is planning an IPO in Hong Kong, and investors are clearly buying into the news.
On the other hand, Warner Bros. Discovery jumped 3.5%, hitting its highest stock price in three years. The reason? Netflix is reportedly preparing to spend $72 billion to acquire its assets. If this deal goes through, the landscape of the streaming industry is likely to be reshuffled again.
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The US stock market opened pretty well today, with all three major indexes in the green— the Dow Jones edged up 0.08%, the S&P 500 rose 0.17%, and the Nasdaq climbed 0.26%.
Baidu performed quite strongly today, with its stock price surging nearly 6%. There are market rumors that its AI chip subsidiary Kunlun Chip is planning an IPO in Hong Kong, and investors are clearly buying into the news.
On the other hand, Warner Bros. Discovery jumped 3.5%, hitting its highest stock price in three years. The reason? Netflix is reportedly preparing to spend $72 billion to acquire its assets. If this deal goes through, the landscape of the streaming industry is likely to be reshuffled again.