Communications-services stocks rise as rotation offsets AI exposure
The sector gained as traders rotated into communications-services less tied to the artificial-intelligence boom, with moves cited in Netflix, Cable One financing talks, and Spotify after its Joe Rogan-related deal renewal.
Communications-services companies rose as traders rotated into sectors less tied to the artificial-intelligence boom. Shares of Netflix recouped some of their recent losses. 25 billion in new financing to address its balance sheet. Spotify shares rose after the Swedish streaming giant renewed a deal with broadcaster Joe Rogan.
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