Finance

Semiconductor and AI infrastructure stocks recovered slightly from the previous week's heavy losses as sector euphoria showed signs of steadying. Advanced Micro Devices posted a gain following an expanded partnership announcement with Microsoft, while Nvidia and Sandisk also stabilized. Investors are looking forward to upcoming corporate earnings from mega-cap technology firms to gauge the real-world profitability of massive AI hardware investments.

A federal judge issued a temporary restraining order to pause the high-profile merger between Warner Bros. Discovery and Paramount Skydance for 14 days. The pause allows several states contesting the massive acquisition additional time to build their legal cases. Following the ruling, Warner Bros. Discovery shares tumbled roughly 4% as market skepticism over the successful completion of the deal grew.

Shares of the prominent theater operator surged over 25% on Monday. The explosive growth followed a quarterly financial report that showed record-breaking revenues of $1.6 billion and an unexpected profit. The positive results signal solid recovery momentum for the broader theater box-office industry.