U.S. markets saw sharp swings across media, and tech on Monday as earnings, deals and political developments shaped trading sentiment.
Media and entertainment
Paramount Skydance shares rose 4% after securing exclusive U.S. rights to TKO Group’s UFC for seven years starting in 2026. TKO added about 2%. AMC Entertainment climbed 8% after reporting second-quarter revenue of $1.4 billion, above the $1.34 billion consensus. The company broke even, excluding one-time charges, while analysts had expected a loss.
Nexstar dipped less than 1% after reports it is in advanced talks to acquire Tegna. Tegna stock jumped 29% on the news. Video-sharing platform Rumble surged 12% after signaling plans for a $1.2 billion all-stock bid for German AI cloud provider Northern Data, whose shares tumbled.
Technology and semiconductors
C3.ai tumbled nearly 32% in premarket trading after weak first-quarter guidance. The company expects revenue between $70.2 million and $70.4 million and a non-GAAP loss approaching $58 million.
Nvidia and AMD each slipped about 1% following reports they struck a deal with the U.S. government to give up 15% of revenue from China chip sales in exchange for export licenses. Intel gained 3% ahead of CEO Lip-Bu Tan’s White House visit, days after President Trump called for his resignation over China ties.
CoreWeave gained nearly 4% after JPMorgan reiterated its overweight rating and raised its price target, citing strong momentum despite volatility.
Electric vehicles
Tesla rose nearly 2% after formally applying for an electricity license with U.K. regulator Ofgem. Approval would allow Tesla to supply power directly to homes and businesses in Britain.
