Why Warner Bros Discovery Inc. (NASDAQ:WBD) Went Down On Thursday?

We recently published a list of Traders Heavily Sold Down These 10 Stocks on Thursday. In this article, we are going to take a look at where Warner Bros Discovery Inc. (NASDAQ:WBD) stands against other stocks that traders heavily sold down on Thursday.

The stock market wiped away earlier gains, ending Thursday’s trading in another bloodbath session, as investors sold off positions amid President Donald Trump’s announcement that he had actually raised tariffs on Chinese goods to 145 percent

The Nasdaq was battered the most among all major indices, losing 4.31 percent. The S&P 500 followed with a 3.46-percent drop while the Dow Jones came in last, down 2.50 percent.

Meanwhile, 10 companies were heavily sold down on Thursday, recording double-digit losses as investors parked funds to minimize risks from the ongoing uncertainties. In this article, we have listed Thursday’s 10 worst performers and detailed the reasons behind their drop.

To come up with the list, we considered only the stocks with a $2 billion market capitalization and $5 million trading volume.

A movie theater auditorium filled with an audience enjoying a blockbuster film.

Warner Bros Discovery Inc. (NASDAQ:WBD)

Warner Bros fell by 12.53 percent on Thursday to finish at $8.10 apiece as investors sold off positions following comments from the China Film Administration that Washington’s aggressive tariff imposition on Beijing would broadly impact American films.

“The wrong move by the US government to abuse tariffs on China will inevitably further reduce the domestic audience’s favorability towards American films,” the agency said.

The comment spells bad news for the film entertainment giant considering its substantial debt worth $34.6 billion.

In recent news, WBD recently replaced studio heads Mike de Luca and Pam Abdy following a series of box office flops.

According to a report by Bloomberg, WBD Chief Executive Officer David Zaslav is in talks with potential successors to de Luca and Abdy which triggered the box office failures of “Alto Knights,” “Mickey 17” and “Joker: Folie à Deux,” with the latter raking in only around $200 million following the first Joker’s $1 billion revenues.

Overall, WBD ranks 10th on our list of stocks that traders heavily sold down on Thursday. While we acknowledge the potential of WBD as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than WBD but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.