Stock Movers Advanced Micro Devices Rises, Warner Bros. Discovery Mixed, Eli Lilly Drops on Novo Plans to Slash US List Prices for Weight-Loss Drugs
Feb 24, 2026
Big tech chip deals drive a surge in semiconductor shares after a major cloud buyer picks a new processor supplier. Corporate takeover drama heats up as studios weigh a fresh acquisition pitch and strategic countermoves. Pharma pricing shakes markets when a maker plans steep US list-price cuts for popular weight-loss drugs.
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Meta Commits Big Spend To AMD For AI Infrastructure
- AMD stock jumped after Meta agreed to buy AMD chips and systems for AI workloads over five years starting in H2 2026.
- CEO Lisa Su said the transactions including a share purchase are worth "double digit billions," signaling large cloud AI spending beyond NVIDIA.
Circular Funding Concern Expands Beyond Nvidia
- Market worries about circular funding in AI hardware broadened beyond Nvidia after the Meta‑AMD share purchase component surfaced.
- Hosts noted investors welcomed any break from recent tech weakness as more firms front‑load computing capacity.
New Paramount Bid Could Force Netflix To Match
- Warner Bros. Discovery is weighing a higher takeover bid from Paramount Skydance that could trump Netflix's $27.75 offer and trigger a four‑day matching period.
- Christina Ruffini said Warner's board will assess whether the new terms are superior to the Netflix‑accepted proposal.