Nvidia’s Record $20B Groq Acquisition as S&P 500 Eyes Weekly Gains
Nvidia agrees to acquire Groq assets for a record-breaking $20 billion as the S&P 500 continues its year-end rally. Leather goods prices surge 22% amid tariff pressures.
The Santa Claus rally is officially in full swing. The S&P 500 is up 1.4% this week, hovering near fresh record highs as markets return from the Christmas break. Historically, the last five trading days of the year have seen an average gain of 1.3%, and 2025 appears to be following that winning script with the Dow Jones and Nasdaq also climbing over 1%.
Nvidia Drops a $20 Billion Bombshell
According to CNBC’s David Faber, Nvidia has agreed to buy assets from AI chip startup Groq for $20 billion in cash. This is a massive leap from its previous record—the $7 billion Mellanox deal in 2019. The deal brings Groq’s founder Jonathan Ross and other top talent in-house, signaling Nvidia's aggressive push to maintain its dominance in high-speed AI inference technology.
The Hidden Cost of Fashion: Tariff Impact
It’s not all gains for consumers, as leather goods prices are set to remain 22% higher for the next couple of years. Tapestry, the owner of Coach, warned that tariff-related expenses could eat up $160 million in profits. Supply chain bottlenecks in China and Vietnam are primarily blamed for the rising costs of boots and bags.
Investors should monitor retail stocks with high exposure to international manufacturing hubs, as tariff volatility may squeeze margins further in 2026.
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