WS #12403
Netflix shares gapped down 7% on 142M shares after forecasting Q3 revenue and earnings below expectations. Moonshot AI begins formal IPO preparations in Hong Kong, targeting valuation over $30 billion, with Kimi K3 model disrupting AI landscape. Apple raises iPhone prices in Japan by up to 11% amid weak yen, potentially impacting demand. AI-related stocks fell globally amid concerns that major AI hyperscalers may slow infrastructure spending.
Netflix earnings miss
Netflix shares gapped down 7% on 142M shares after forecasting Q3 revenue and earnings below expectations.
Moonshot AI begins formal IPO preparations in Hong Kong, targeting valuation over $30 billion, with Kimi K3 model disrupting AI landscape.
Apple raises iPhone prices in Japan by up to 11% amid weak yen, potentially impacting demand.
AI-related stocks fell globally amid concerns that major AI hyperscalers may slow infrastructure spending.