Stock Movers Closing Bell: Warner Bros Closes Higher on Competing Bids, Nvidia Gains, Netflix Down
Dec 8, 2025
Warner Bros is in a fierce takeover battle, with Paramount Skydance making a $30 cash bid compared to Netflix's lower offer. The market reacted, showing notable gains for Warner Bros amidst this drama. Meanwhile, Nvidia climbed 1.7% on news that it might soon export its H200 chips to China, supported by the Commerce Secretary. Netflix is facing investor jitters over its deal, even as executives express confidence about acquiring Warner Bros assets. Other stocks, like Air Products and P&G, faced declines amid analyst scrutiny.
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Bidding War Inflates WBD Valuation
- Warner Bros. Discovery attracted competing bids that value the company very differently.
- Paramount Skydance offered $30 a share in cash valuing WBD at $108.4 billion including debt, creating a bidding race.
China Chip Exports Could Lift Nvidia
- Nvidia rose after reports it may get permission to export H200 chips to China.
- Semafor cited a source and said Commerce Secretary Howard Lutnick supports the plan, boosting NVDA shares.
Broadcom Gains Amid Chip Partnership Buzz
- Broadcom outperformed after reports Microsoft might shift custom chip work to it.
- The report was disputed, but shares still rose ahead of Broadcom's upcoming earnings.