Stock Movers Nvidia Slides, Caesar's Jumps, Block Cuts Over 40% of Workforce
Feb 26, 2026
Avalon Purnell, Bloomberg equities reporter who breaks down market movers. She explains Nvidia’s strong quarter and why shares still slid. She walks through Caesars’ sudden takeover interest and the surge in its stock. She covers Block’s plan to cut over 40% of staff as it pivots into AI.
AI Snips
Chapters
Transcript
Episode notes
Nvidia Beat Yet Shares Fell
- Nvidia's strong Q4 still sparked a market selloff despite flawless results and an upbeat sales forecast.
- Avalon Purnell and Carol Massar highlight investor concerns about demand durability as the likely reason stocks slid.
Caesars Jumped On Takeover Rumors
- Caesars shares jumped after an FT report it may be weighing takeover offers including from Tilman Fertitta.
- Avalon Purnell notes Fertitta owns the Houston Rockets and is the U.S. ambassador to Italy, adding color to the suitor list.
Block Cuts Signal Big AI Bet
- Block plans to cut about 4,000 jobs, reducing headcount by over 40% as it bets on AI to boost productivity.
- Avalon Purnell frames this as a potential precedent for tech if AI can replace large portions of labor.