analyst

NBCUniversal owner Comcast is indeed interested in some of Warner Bros. Discovery’s assets.

On a Thursday call with analysts to discuss third-quarter earnings, Comcast President Mike Cavanagh suggested the Philadelphia giant might bid for certain Warner assets, primarily the Warner Bros. film and television studios and its streaming service HBO Max.

Sources had previously said Comcast was angling to join the Warner Bros. Discovery auction after that company’s board formally opened the process last week. The Warner board has unanimously rejected three unsolicited bids from David Ellison’s Paramount, which has offered $58 billion for all of Warner Bros. Discovery.

Comcast isn’t looking to acquire the entire company or Warner’s large portfolio of cable channels that include CNN, TBS and Food Network. Instead, Cavanagh suggested that Comcast’s interest would be more narrow.

He noted that NBCUniversal and Warner Bros. have compatible businesses. Comcast wants to grow its studios business and its struggling streaming service, Peacock, which lost $217 million during the quarter.

“You should expect us to look at things that are trading in our space … It’s our job to try to figure out if there are ways to add value,” Cavanagh told analysts.

But he added a note of caution, saying the company didn’t feel that a merger was “necessary.”

“The bar is very high for us to pursue any [merger] transactions,” he said.

The Warner Bros. Discovery auction comes amid deep turmoil in the industry. Traditional entertainment companies, including Warner and NBCUniversal, have long relied heavily on cable programming fees to boost profit but consumers have been scaling back on pay-TV subscriptions amid the move to streaming.

To address that challenge, Comcast is spinning off its cable channels, including CNBC, MSNBC, USA and Golf Channel, into a separately traded company called Versant. That process is expected to be complete this year.

As part of the transition, the liberal-leaning MSNBC is changing its name to MS Now and dropping the peacock from its network logo, reflecting its pending exit from NBC, which will remain part of Comcast.

Cavanagh suggested that Comcast would not double down in a declining cable channel business that it was already exiting.

But Warner has other compelling businesses, including HBO and its Warner Bros. film and television studio. The Warner Bros. studio has released a string of movie blockbusters this year, including “Superman” and “A Minecraft Movie.”

Warner and NBCUniversal are investing in their respective streaming services but both lag Netflix, YouTube and Walt Disney Co. in terms of subscribers and engagement. Peacock has 41 million subscribers; the service has lost billions of dollars since Comcast launched it five years ago.

To shore up Peacock and the NBC broadcast network, Comcast has doubled down on sports, including striking a $27-billion, 10-year deal for NBA basketball, a contract that kicked in this month with the new season. (Nielsen ratings for the inaugural NBA game on NBC last week were strong — nearly 5 million viewers).

Most analysts believe that Ellison’s Paramount is in the best position to win Warner Bros. Discovery. They point to the Ellison family’s determination, wealth and political connections. Tech titan Larry Ellison, who is backing his son’s bid, is the second-richest man in the world behind Elon Musk, and President Trump views the elder Ellison as a good friend.

In contrast, Trump has displayed a dim view of Comcast Chairman and Chief Executive Brian Roberts, in large part, because of Comcast’s ownership of MSNBC, which Trump has accused of being an arm of the Democratic National Committee.

The tension has led observers to conclude that Comcast would face a stormy regulatory review process with Trump overseeing the Department of Justice, which would likely perform an anti-trust review of any major transaction for Warner Bros. Discovery.

Concerns about Comcast’s ability to get deals through the Trump administration may be overblown, Cavanagh said.

“I think more things are viable than maybe some of the public commentary [suggests],” Cavanagh said.

Netflix on Tuesday said its third-quarter revenue jumped 17% to $11.5 billion, powered by the hit animated film “KPop Demon Hunters.”

The Los Gatos-based streamer reported a net income of $2.5 billion during the third quarter, up 8% from the same period a year ago but well below the $3 billion analysts had projected, according to FactSet.

Revenue was in line with analyst estimates and was boosted by increased subscriptions, pricing adjustments and more ad revenue.

The company said it incurred a $619-million expense related to a dispute with Brazilian tax authorities.

“Absent this expense, we would have exceeded our Q3’25 operating margin forecast,” Netflix said in a letter to shareholders on Tuesday. “We don’t expect this matter to have a material impact on future results.”

Netflix shares, which closed Tuesday at $1,241.35, fell 5% in after-hours trading.

As it continues to dominate the streaming market with more than 301 million subscribers, Netflix has been investing in a diverse slate of content, including new movies rolling out in the fourth quarter such as Guillermo del Toro’s “Frankenstein,” as well as the final season of sci-fi hit “Stranger Things” and family-friendly games for the TV such as Boggle.

“KPop Demon Hunters” has garnered more than 325 million views in its first 91 days on the service. The movie, about a trio of powerful singers who hunt demons, was released in June.

It bested 2021 action film “Red Notice,” which had been previously its most watched film in its first 91 days on Netflix with 230.9 million views.

On Tuesday, Netflix also announced a licensing deal with toymakers Hasbro Inc. and Mattel Inc. to make toys including dolls, action figures, youth electronics and other items related to “KPop Demon Hunters.”

Popular TV shows launched in the third quarter include the second season of the Addams family spinoff series “Wednesday” and the second season of drama “My Life With the Walter Boys.”

“When you have a hit the size of ‘KPop Demon Hunters,’ it stirs the imagination of where you can take this,” said Ted Sarandos, co-chief executive of Netflix, in an earnings presentation.

He said the film benefited from Netflix’s platform, allowing superfans to repeat view it and make it appealing for audiences to watch in theaters as well. “We believe this film, ‘KPop Demon Hunters,’ actually worked because it was released on Netflix first,” Sarandos added.

The company said in the fourth quarter it expects revenue to grow another 17% due to growth in subscriptions, pricing and ad revenue.

For the full year, Netflix is forecasting revenue of $45.1 billion, up 16%, and said it is on track to more than double it ad revenue in 2025.

Like other entertainment companies, Netflix has been taking steps to diversify its business in a challenging landscape, as production costs for TV and movies increases and studios consolidate.

“With entertainment industry employment becoming more precarious, Netflix is slyly pivoting its content strategy to rely more on live sports, YouTubers, creators and podcasters,” said Ross Benes, a senior analyst with research firm Emarketer in a statement.

But some investors still remain skeptical about the future of subscription streaming services, as the technology behind video generation tools powered by AI get more sophisticated, making it easier to replicate visual effects and customize content to viewers.

“Netflix’s core lay-back easy-to-watch scripted content is potentially most at risk by the emergence of generative AI compared to peers,” said John Conca, analyst with investment research firm Third Bridge. “Netflix will need to channel its earlier days and find a way to remain nimble, even though it’s now the 800-pound gorilla in this space to deal with this threat.”

On Tuesday, Netflix said it is using generative AI to improve the quality of its recommendations and content discovery on its platform. Creators on Netflix are also using AI tools for their projects, including filmmakers for comedy “Happy Gilmore 2” using generative AI and volumetric capture technology to de-age characters.

Former USC quarterback and current Fox NFL analyst Mark Sanchez was stabbed early Saturday morning and is being treated in an Indianapolis hospital.

Fox Sports said in a statement that Sanchez, 38, is recovering and in stable condition.

“We are deeply grateful to the medical team for their exceptional care and support. Our thoughts and prayers are with Mark, and we ask that everyone please respect his and his family’s privacy during this time,” the Fox Sports statement read.

Sanchez, who was Indianapolis ahead of an assignment to cover the Raiders-Colts game, was injured following a fight in downtown Indianapolis at around 12:30 a.m.

The Indianapolis Metro Police Department released a statement that read: “Detectives believe this was an isolated incident between two men and not a random act of violence.”

Sanchez, who was born in Long Beach, led Mission Viejo to a 27-1 record as a starting quarterback, winning a Southern Section Division II title in 2004.

He played at USC from 2006-08, passing for 3,965 yards and 41 touchdowns. During his final season at USC, he passed for 3,207 yards and 34 touchdowns as the Trojans posted a 12-1 record and won the Rose Bowl.

Despite objections from then-USC coach Pete Carroll, Sanchez left school early to enter the NFL draft. He was selected by the Jets with the No. 5 pick and went on to play eight NFL seasons, posting a 37-36 record as a starter.

He spent four seasons with the Jets, starting each of his 62 games while throwing for 12,092 yards and 68 touchdowns with 69 interceptions. The Jets lost in the AFC championship in each of Sanchez’s first two years in the league.

Sanchez also appeared in games with Philadelphia, Dallas and Washington. He finished his playing career with 15,357 yards passing, 86 TD passes and 89 interceptions.

The Jets and several of Sanchez’s former teammates posted message of support on social media on Saturday.

“Sending our thoughts and love to Mark Sanchez and his family. Hoping for a speedy recovery, 6,” the Jets said, using Sanchez’s former jersey number.

“Send prayers up for my former teammate mark.. sucks so much to see this,” Kerry Rhodes wrote.

“So sad. Pray for his recovery,” Nick Mangold wrote.

Associated Press contributed to this report.

US President Donald Trump’s Gaza peace plan has no guarantees to protect Palestinians but does guarantee a “long-term occupation by foreign troops,” says Phyllis Bennis of the Institute for Policy Studies.

Nvidia (NVDA -2.79%) is one of the most beloved stocks on the market today. The company has a dominant lead in creating the GPUs designed specifically for artificial intelligence use cases.

Most analysts are big fans of Nvidia as both a business and as an investment. But one analyst, Jay Goldberg, has a $100 price target for Nvidia stock, the lowest on Wall Street. Whether or not you agree with him, every investor should understand why he expects the stock to fall over 40%.

3 reasons Goldberg is bearish on Nvidia stock

Nvidia is growing by leaps and bounds. Sales are up by more than 1,000% over the past five years. And given that the AI market is expected to grow by more than 30% annually for years to come, Nvidia’s double-digit growth rates should be here to stay. But shares trade at a lofty 27 times sales, and Goldberg thinks there are cracks beginning to show in Nvidia’s growth story.

His first issue is with Nvidia’s exposure to China. The ongoing trade war has disrupted the company’s ability to sell its marquee chips to the country, a country that has an AI industry growing by 50% or more per year. Nvidia reportedly struck a deal with the U.S. to resume exports, but ongoing issues with the Chinese government may allow Chinese chipmakers to catch up and secure domestic market share.

Image source: Getty Images

Goldberg is also concerned with Nvidia’s bullishness surrounding agentic technologies. While agentic services do pose a long-term growth story, Goldberg thinks that the world is still many years away from any meaningful real-world adoption of this technology.

Finally, Goldberg cautions investors that there may be a short-term limit to the skilled labor pool that can scale for AI demand as much as forecasts predict. Even Nvidia has admitted that a huge workforce retraining will be required in an AI-enabled world.

While you may not agree with Goldberg’s contrarian outlook, even Nvidia’s most bullish investors can benefit from understanding the challenges the company faces.

SEOUL — The immigration raid that snatched up hundreds of South Koreans last week sent a disconcerting message to companies in South Korea and elsewhere: America wants your investment, but don’t expect special treatment.

Images of employees being shackled and detained like criminals have outraged many South Koreans. The fallout is already being felt in delays to some big investment projects, auto industry executives and analysts said. Some predicted that it could also make some companies think twice about investing in the U.S. at all.

“Companies cannot afford to not be more cautious about investing in the U.S. in the future,” said Lee Ho-guen, an auto industry expert at Daeduk University, “In the long run, especially if things get worse, this could make car companies turn away from the U.S. market and more toward other places like Latin America, Europe or the Middle East.”

The raid last week, in which more than 300 South Korean nationals were detained, targeted a factory site in Ellabell, Ga,. owned by HL-GA Battery Company, a joint venture between Hyundai and South Korean battery-maker LG Energy Solutions to supply batteries for EVs. The Georgia factory is also expected to supply batteries for Kia, which is part of the Hyundai Motor Group. Kia has spent hundreds of millions of dollars on its factory in West Point, Ga.

“This situation highlights the competing policy priorities of the Trump administration and has many in Asia scratching their heads, asking, ‘Which is more important to America? Immigration raids or attracting high-quality foreign investment?” said Tami Overby, former president of the American Chamber of Commerce in Korea. “Images of hundreds of Korean workers being treated like criminals are playing all over Asia and don’t match President Trump’s vision to bring high-quality, advanced manufacturing back to America.”

A protester wears a mask of President Trump at a rally Tuesday in Seoul protesting the detention of South Korean workers in Georgia. The signs call for “immediate releases and Trump apology.”

(Ahn Young-joon / Associated Press)

South Korea is one of the U.S.’ biggest trading partners, with the two countries exchanging $242.5 billion in goods and services last year. The U.S. is the leading destination for South Korea’s overseas investments, receiving $26 billion last year, according to South Korea’s Finance Ministry.

Trump is banking on ambitious projects like the one raided in Georgia to revive American manufacturing.

Hyundai is one of the South Korean companies with the largest commitments to the U.S. It has invested around $20 billion since entering the market in the 1980s. It sold 836,802 cars in the U.S. last year.

California is one of its largest markets, with more than 70 dealerships.

Earlier this year, the company announced an additional $26 billion to build a new steel mill in Louisiana and upgrade its existing auto plants.

Hyundai’s expansion plans were part of the $150-billion pledge South Korea made last month to help convince President Trump to set tariffs on Korean products at 15% instead of the 25% he had earlier announced.

Samsung Electronics announced that it would invest $37 billion to construct a semiconductor factory in Texas. Similarly large sums are expected from South Korean shipbuilders.

Analysts and executives say the recent raid is making companies feel exposed, all the more so because U.S. officials have indicated that more crackdowns are coming.

“We’re going to do more worksite enforcement operations,” White House border advisor Tom Homan said on Sunday. “No one hires an illegal alien out of the goodness of their heart. They hire them because they can work them harder, pay them less, undercut the competition that hires U.S. citizen employees.”

Many South Korean companies have banned all work-related travel to the U.S. or are recalling personnel already there, according to local media reports. Construction work on at least 22 U.S. factory sites has reportedly been halted.

The newspaper Korea Economic Daily reported on Monday that 10 out of the 14 companies it contacted said they were considering adjusting their projects in the U.S. due to the Georgia raids.

It is a significant problem for the big planned projects, analysts say. South Korean companies involved in U.S. manufacturing projects say they need to bring their own engineering teams to get the factories up and running, but obtaining proper work visas for them is difficult and time-consuming. The option often used to get around this problem is an illegal shortcut like using the Electronic System for Travel Authorization, a non-work permit that allows tourists to stay in the country for up to 90 days.

Unlike countries such as Singapore or Mexico, South Korea doesn’t have a deal with Washington that guarantees work visas for specialized workers.

“The U.S. keeps calling for more investments into the country. But no matter how many people we end up hiring locally later, there is no way around bringing in South Korean experts to get things off the ground,” said a manager at a subcontractor for LG Energy Solution, who asked not to be named. “But now we can no longer use ESTAs like we did in the past.”

Trump pointed to the problem on Truth Social, posting that he will try to make it easier for South Korean companies to bring in the people they need, but reminding them to “please respect our Nation’s Immigration Laws.”

“Your Investments are welcome, and we encourage you to LEGALLY bring your very smart people … and we will make it quickly and legally possible for you to do so,” the post said.

Sydney Seiler, senior advisor and Korea chair at the Washington-based Center for Strategic and International Studies, said that the timing of the raids was an “irritant” but that South Korean companies would eventually adjust.

“Rectifying that is a challenge for all involved, the companies, the embassies who issue visas, etc.,” Seiler said, adding that the raids will make other companies be more careful in the future.

Wall Street analysts tend to be a decidedly optimistic bunch. Of the 503 stocks in the S&P 500 (^GSPC -0.43%) (there are more than 500 because some companies have multiple share classes), analysts rate 409 as buys or strong buys. As you might imagine, the artificial intelligence (AI) stocks that have propelled the market higher in recent years are among Wall Street’s favorites.

However, this bullishness has its limits. There’s an especially popular AI stock among retail investors that could plunge 70% or more, according to one Wall Street analyst.

Image source: Getty Images.

An AI favorite

The stock I’m referring to is Palantir Technologies (PLTR -0.98%), which been one of the hottest stocks on the market. Palantir has skyrocketed more than 23x since the beginning of 2023.

Sure, Palantir’s shares have pulled back by a double-digit percentage from its recent high. However, the stock has still roughly doubled year to date. That’s enough to rank Palantir as the best-performing member of the S&P 500.

The excitement about Palantir stems primarily from the growing demand for its products. The company makes software for analysis, pattern detection, and AI-assisted decision-making. In the second quarter of 2025, Palantir’s revenue jumped 48% year over year, and the company projects next quarter’s revenue growth will be even higher.

Palantir CEO Alex Karp wrote to shareholders earlier this month, “For a start-up, even one only a thousandth of our size, this growth rate would be striking, the talk of the town.” He added, “For a business of our scale, however, it is, we continue to believe, nearly without precedent or comparison.” Karp thinks, “This is still only the beginning of something much larger and, we believe, even more significant.”

The biggest Palantir bear on Wall Street

One analyst isn’t on the Palantir bandwagon, though. RBC Capital‘s Rishi Jaluria is the biggest Palantir bear on Wall Street. His 12-month price target for the stock is a little over 70% below the AI software company’s current share price, and that’s after Jaluria raised his price target from $40 to $45 earlier this month.

Before Palantir’s Q2 update, Jaluria wrote to investors that Palantir’s “valuation seems unsustainable.” Even after Palantir’s strong earnings results, Jaluria pointed to the stock’s “unfavorable risk-reward profile.”

Several Wall Street analysts are concerned about Palantir’s valuation with its sky-high forward price-to-earnings ratio (P/E) of 250. Three others, in addition to Jaluria, rated the stock as an underperform or sell in a survey of analysts conducted by LSEG in August. Another 17 analysts recommended holding the stock, with only four rating Palantir as a buy or strong buy.

However, Jaluria is much more negative about Palantir stock than his peers. The average 12-month price target for Palantir is only slightly below the current share price.

Jaluria isn’t bearish about every AI stock, though. The RBC analyst thinks some companies will be bigger winners than others as AI adoption increases. He has especially singled out software leaders, including Microsoft and Intuit, as good picks.

Could Palantir really plunge more than 70%?

Could RBC’s Jaluria be right that Palantir’s share price could plunge more than 70%? Maybe. However, I suspect that his low price target is overly pessimistic.

Don’t get me wrong — I agree with Jaluria and other analysts who view Palantir as overpriced. The company’s growth prospects — even though they’re impressive — don’t justify its stock valuation, in my opinion. I think Jefferies analyst Brent Thill is correct in stating that Palantir’s premium multiple is “disconnected from even optimistic growth scenarios.”

I suspect that we could see Palantir’s share price fall well below the current level over the next 12 months. But I doubt that Palantir’s share price will fall nearly as much as Jaluria predicts.

Mizuho analyst Gregg Moskowitz recently argued that Palantir’s “uniqueness demands substantial credit,” pointing to the company’s ability to profit from AI, government digitization, and other trends. If he’s right (and I think he is), it means that Palantir could have a higher floor than the stock’s biggest Wall Street bears project.

Apple TV+, home of series including “The Studio” and “Ted Lasso,” is raising its subscription price by $3 to $12.99 a month, it announced Thursday.

The move comes as many streamers have been raising their prices, as the cost of production increases and the businesses are facing more pressure by investors to increase profits.

Apple TV+ launched in 2019 at $4.99 a month, positioned as a low-cost perk for people to watch high-quality shows and movies with a free trial if they bought Apple products such as iPhones and iPads. Since then, the streamer has raised its prices, mostly recently in October 2023 from $6.99 to $9.99.

Like other tech giants, Apple has faced scrutiny from the Trump administration on its U.S. manufacturing presence. Earlier this year, when the Trump administration proposed increasing tariffs, some analysts were concerned about the adverse effect that would have on Apple’s iPhone business, which makes iPhones in China.

Since then, Apple has increased its commitment to manufacturing in the U.S., most recently pledging an additional $100 billion in U.S. manufacturing.

If Apple continues to face pressure on major businesses including the iPhone, it could cause the company to look at other aspects of its business that aren’t drawing as much revenue, analysts have said.

In March, tech and business news site the Information reported that Apple TV+ is losing significant amounts of money. Analysts have long viewed Apple TV+ as part of the company’s larger push into services to go along with its hardware.

While Apple TV+ is increasing its monthly subscription price, it is not raising its $99.99 annual price or the cost of bundling Apple TV+ with other services through Apple One, the company said in a statement.

Apple declined to say how many subscribers Apple TV+ has or the reasons behind the monthly subscription price increase. The streaming service is part of Apple’s larger services category, which brought in $27.4 billion in revenue in its fiscal third quarter, up 13% from a year earlier.

Unlike other major streaming platforms, Apple TV+ does not offer an ad-supported version of its service.