Paramount Skydance (PSKY) higher by 10% on earnings. This is the first earnings report since the two streaming platforms Skydance and Paramount merged. The results were mixed with earnings and sales missing estimates, but the company did provide upside guidance for the fourth quarter and 2026. The company is optimistic about their investments in the UFC, Paramount+ Originals, third-party movie catalog licensing and ramping up their own slate of films. To boost earnings further, the company will lay off around 1,600 employees and increase the subscription prices for Paramount+ in 2026.

CoreWeave (CRWV) taking a hit, dragging down the AI stocks. The cloud and software firm for AI business is down 13% after reporting a loss even as sales rose 133% to $1.36 billion. However, the company provided downside guidance as a major customer delays fulfilling their year end contract.  Management is calling the delay short term. Even with today’s decline the stock is still up 100% year to date.

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