Streaming’s Role in Sports Rights, Plus Capex Concerns Weigh on Semis 7/25/24
Update: 2024-07-25
Description
The NBA is announcing a $76 billion TV rights deal with ESPN, Amazon and NBC Sports, essentially a snub to NBA’s longtime partner Warner Bros Discovery. We break down how this deal will transform the future of sports streaming. Plus, chip stocks have been riding the AI wave this year. But with the recent sell-off, AI beneficiaries like Nvidia, Qualcomm and Micron are well off their respective highs.
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