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Closing Bell: Tech Stocks Rebound; Skydance Earnings, Nvidia Slides After CEO Scandal

Bullish Gator

Big tech rallies lift markets; Skydance reports post-merger results and streaming bundle plans; Nvidia plunges after CEO admits affair linked to suspected Chinese spy, wiping billions off market value.

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What stands out

The clip highlights a late-day rotation: megacap tech names including Apple, Amazon, Alphabet and Meta bounced after a recent selloff while Nvidia plunged following a CEO scandal tied to an alleged espionage link, wiping billions from its market value. The show also calls out Skydance’s first post-merger quarter and its plan to bundle Paramount+ with HBO Max next year, a concrete product move that markets quickly priced in. The mix of headline-driven selling in Nvidia and fundamental news at Skydance explains the uneven action across the tape.