Stock Market Winners & Losers: Stocks Rise as Nvidia Declines | 80% of Americans Say Fast Food is Now a Luxury | Amazon’s “Rings of Power” Returns
Stocks rose as investors sought to recover from previous declines, even as Nvidia fell 3% after a smaller-than-expected earnings beat. Despite Nvidia's drop, the broader market showed strength, which is seen as a positive sign for the market's resilience.
Warren Buffett's Berkshire Hathaway became the first non-tech company to surpass $1 trillion in market capitalization. Meanwhile, fast food is increasingly viewed as a luxury by Americans due to rising prices, leading to less frequent consumption. Chick-fil-A, Starbucks, and Chipotle are ranked as the most high-end fast-food chains.
In entertainment, the second season of Amazon's "The Lord of the Rings: The Rings of Power" debuted on Prime Video. The first season was the most expensive TV show ever made, costing $715 million. Amazon continues to invest heavily in content, spending $19 billion last year, while Netflix plans to spend $17 billion on content this year.
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