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In retail, Amazon has various advantages that can amount to more gains, Jones noted, pointing to the company’s sheer scale, logistics network and its Prime loyalty program.

The limits were designed in part to restrict the amount of control any one company could have over local news broadcasts across the country.

Broadcom’s charge up the ranks of the largest U.S. companies underscores how it’s increasingly seen as a winner of a more divergent AI trade.

Tesla’s current ride-hailing operation is available in the company’s hometown of Austin, Texas, and in the San Francisco Bay Area.

Last week, Sinclair disclosed that it had built a roughly 8% stake in Scripps and that the two companies held constructive talks about a potential deal.