Risk-Factor Changes — sortable

WHAT IT MEANS The heaviest rewrites cluster around two themes: capital-intensive AI buildout risk and company-specific corporate actions. NVDA and GOOGL both added or rewrote factors on counterparty and financing risk tied to datacenter/AI infrastructure commitments, with GOOGL's rewrite also folding in a sprawling update to AI-specific regulation (EU AI Act, US state bills). NFLX's new factors are entirely acquisition-driven, tied to the pending WBD transaction and its $5.8B breakup fee. TSLA carries the most new and deleted factors of the group, split between a new Optimus/robotics commercialization risk and continued disclosure around Elon Musk's stock pledges and the 2025 CEO Performance Award's alignment with shareholder returns — governance and execution risk, not deteriorating fundamentals. AMZN and META, despite double-digit total-changed counts, produced no new or major-rewrite factors this cycle — their churn is language-level tightening, not new disclosure. AAPL is not covered by this dataset. None of the six represent a genuine red flag (no new material weakness or going-concern language); the changes are transactional and policy-driven.