Stock Movers Closing Bell: Netflix Jumps, Block Rises, Blue Owl Slides
Feb 27, 2026
Markets close with big movers: a fintech firm rallies after massive layoffs tied to an AI pivot. A streaming giant exits a major studio bidding war, sending its stock higher. Worries in private credit spark a sharp slide for a major asset manager and broader redemption anxiety.
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Netflix Exits Bidding To Preserve Capital
- Netflix walked away from the Warner Bros. Discovery bidding, which helped drive its stock up about 8.5–14% after Paramount clinched the deal for $111 billion.
- Romaine Bostick and Carol Massar framed Netflix's exit as a strategic retreat that may have conserved cash and avoided overpaying in a heated auction.
Dell's AI Server Outlook Drives Big Rally
- Dell surged roughly 21% after raising its AI server sales outlook to about $50 billion for fiscal 2027, signaling strong demand for AI data-center hardware.
- Carol Massar noted investors reacted to an above-estimate server revenue projection that underpinned the rally.
Block Cuts Workforce In AI Bet
- Block announced layoffs approaching half its workforce as a bet on AI, and its stock rose about 17% on the news.
- Hosts debated whether the cuts reflect true AI efficiency or overhiring at Block during expansion.