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Global Stocks Mixed: AI Dominates News, Nvidia Dips, Block Soars on Layoffs

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News18•27-02-2026, 15:45

Global Stocks Mixed: AI Dominates News, Nvidia Dips, Block Soars on Layoffs

•World shares mostly higher despite Nvidia's worst day since last spring, dragging US stocks lower.
•Block CEO Jack Dorsey announced 40% workforce layoffs due to labor-saving AI, causing Block shares to surge over 20%.
•Nvidia reported stellar profit growth, but its stock sank 5.5% as blowout performances become typical.
•Netflix jumped 7.9% after withdrawing its bid for Warner Bros. Discovery's studio and streaming business.
•US crude oil prices rose amid ongoing indirect talks between the US and Iran regarding Iran's nuclear program.

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