Saturday's Pre-Market: NVIDIA's $2T Market Cap, Warner Bros, Binance, Block, Gaza's war

Nvidia briefly surpasses $2 trillion in market cap during intraday trading

• Nvidia surpassed $2 trillion in market cap during intraday trading Friday.

• Shares of the company have continued to rally following its rosy earnings report Wednesday.

• Nvidia posted $22.10 billion in revenue for its fiscal fourth quarter, which was a 265% increase from a year ago.

Warner Bros. Discovery is hyping free cash flow. Investors don’t appear to be buying it

• Warner Bros. Discovery CEO David Zaslav has harped on free cash flow generation, but it’s unclear investors care.

• Warner Bros. Discovery on Friday said it ended the year with $6.2 billion in free cash flow, up 86% from a year prior.

• But the company’s shares fell 10% on Friday, and are down about 45% in the past year.

Prosecutors want Binance’s CZ kept on tighter leash ahead of sentencing

• U.S. prosecutors sought to tighten the bond conditions of billionaire Binance founder Changpeng “CZ” Zhao before he is sentenced for breaking a federal anti-money laundering law.

• The new bond conditions would order Zhao to surrender his Canadian passport, and provide prosecutors with at least three days’ notice before he travels within the country.

Block shares surge 16% after company announces surprise profit

• Block reported strong revenue growth in Cash App and Square.

• The company saw $5.77 billion in revenue for the fourth quarter.

Netanyahu’s first post-war plan seeks security buffer in Gaza — in blow to U.S. diplomacy

• Israeli Prime Minister Benjamin Netanyahu has disclosed his first official plan for the post-war future of the Gaza Strip.

• In the intermediate term, Israel wishes to “maintain its operational freedom of action in the entire Gaza Strip, without a time limit,” as well as to retain a security buffer within the besieged territory.