Stock Movers Weekly Roundup: Block Rallied, Netflix Surged, Nvidia Plunged
Feb 27, 2026
Avalon Purnell, Bloomberg equities reporter who tracks stocks and market moves. She covers Nvidia’s surprising weekly pullback after a strong quarter. She unpacks Netflix’s surge after walking away from a Warner Bros. deal. She explains Block’s bold layoffs and AI pivot and the market reaction to obesity-drug pricing shifts.
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Nvidia Rally Faces Investor Skepticism
- Nvidia's stock fell 6.7% for the week despite a strong beat-and-raise earnings report, reflecting investor questions about how long growth can continue.
- Bloomberg Intelligence described the quarter as record-setting, yet the market's reaction shows concerns about sustainability of AI-driven demand.
Netflix Exits Bid And Gets $2.8 Billion
- Netflix jumped 22% after abandoning its bid for Warner Bros. Discovery's studio and streaming units and collecting a $2.8 billion breakup fee.
- Analysts and Bernstein framed Netflix's exit as a win, freeing capital to address engagement issues instead of expensive M&A.
Novo Nordisk Price Cuts Spook Investors
- Novo Nordisk suffered its steepest weekly slide after cutting U.S. prices for obesity drugs, reigniting fears of a 'race to the bottom.'
- The stock erased prior GLP-1 fueled gains and highlighted reliance on pills amid competition from Eli Lilly.