🧠 Oracle, Broadcom drag down AI trade / Base metals continue to shine

🏛️ Financial News

• Federal Reserve 💵 CNBC: Trump says Kevin Warsh is at top of Fed chair candidate list, president should be consulted on rates

  • CNBC: Divided Fed approves third rate cut this year, sees slower pace ahead 

• Administration 🏛️ CNBC: Trump expected to sign executive order to reclassify marijuana as soon as Monday

• Jobless Claims 👨‍💼 Bloomberg via Yahoo! Finance: US Jobless Claims Jump by Most Since 2020 After Holiday Drop 

• Housing 🏘️ CNBC: Apartment rents drop further, with vacancies at record high

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📊 Global Markets

• S&P 500 $VOO ( ▼ 1.08% )🌍 CNBC: Dow rises as rotation out of tech continues 

• Europe Markets $STOXX ( 0.0% ) 🏰 euronews: Eurozone's new star: Portugal crowned 2025 'economy of the year'

• China Markets $MCHI ( ▼ 0.28% ) 🐉 Yahoo! Finance: China's trade surplus tops $1 trillion as its exports surge

• Silver Market $SLV ( ▼ 2.64% ) 🥈 euronews: Silver’s record run fuelled by possible Fed shake-up and tariff fears

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🚀 Stocks

• Crypto : Brokerages $COIN ( ▼ 0.58% )₿ CNBC: Coinbase to soon unveil prediction markets powered by Kalshi, source says 

• Media : Studios $DIS ( ▲ 0.13% ) 🏰 Variety: Disney inks blockbuster OpenAI deal to bring more than 200 characters to Sora, will invest $1B in AI Company

• Retail : Apparel $LULU ( ▲ 9.6% ) 🎽 CNBC: Lululemon CEO Calvin McDonald to depart in January as retailer struggles to compete, woo shoppers

• Retail : Staples $CSCO ( ▼ 1.85% ) 🛒 CNBC: Costco tops Wall Street’s sales and revenue expectations 

• Restaurants : Fast Casual $CBRL ( ▼ 3.19% ) 🍟 CNBC: Cracker Barrel beat Q1 revenue estimates but missed on earnings

• Restaurants : Food Delivery $DASH ( ▲ 1.32% ) 🌯 Sherwood by Robinhood: DoorDash, Uber sue NYC over tipping law

• Staples : Beverages $KO ( ▲ 2.04% ) 🥤 CNBC: Coca-Cola taps COO Henrique Braun to replace James Quincey as CEO in 2026

• Staples : Beverages $TLRY ( ▲ 44.13% ) 🌳 CNBC: Cannabis stocks surge on reports Trump will reclassify marijuana; Tilray jumps 40%

• Media : Studios $GME ( ▼ 2.88% )🎮 CNBC: GameStop beat Q3 earnings estimates but missed on revenue amid declining hardware

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🌐 Technology

• Data Centers : Energy 🗄️ CNBC: Red-hot Texas is getting so many data center requests that experts see a bubble

  • CNN: How tight supply, AI demand propelled copper towards $12,000

• Chipmakers $NVDA🧇 Semafor: The US will allow Nvidia to sell its H200 chips to China, per Semafor

  • CNBC: Nvidia considers increasing H200 chip output due to robust China demand, Reuters sources say

  • CNBC: Nvidia responds to report that China’s DeepSeek is using its banned Blackwell AI chips

• Chipmakers : ASICs $AVGO⚙️ CNBC: Broadcom beats on earnings and revenue, says AI chip sales will double in current quarter

• B2B Technology $ORC🌐 CNBC: Oracle’s stock slides 11% on revenue miss even as AI backlog soars

  • CNBC: Oracle tanks, drags down Nvidia, CoreWeave, Micron

  • Reuters via Yahoo! Finance: Oracle denies report on OpenAI data center delays

• Data Center : Networking $CSCO➰ CNBC: Cisco’s stock closes at record for first time since dot-com peak in 2000

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🤖 Artificial Intelligence

• Administration 🏛️ CNN: Trump signs executive order blocking states from enforcing their own regulations around AI

• Frontier LLMs : OpenAI ֎ TechCrunch: OpenAI fires back at Google with GPT-5.2 after ‘code red’ memo

• Technology $GOOG ( ▼ 1.01% )🔍TechCrunch: Google launched its deepest AI research agent yet — on the same day OpenAI dropped GPT-5.2 

• China AI 🐉 Yahoo! Finance: Chinese AI euphoria masks long-term technological challenges

  • South China Morning Post: ‘China’s little Nvidia’ warns of overheating risks after 723% share surge

• Consumer Adoption 🛍 CNBC: AI shopping could drive $263B in holiday sales. Walmart and Target are racing to get in

• 📧 Subscribe to Unprompted Invest beyond Nvidia in the $15T global AI market, from infrastructure, ingest & training, and inference (Coming soon)

Hope everyone’s enjoying the holiday season! We’ll be back the following Saturday morning to recap the week’s financial news.

Thanks to Empower for sponsoring. ← This is honestly a great tool I personally use through my work’s 401k provider.

✨ Happy Unprompting,

Rawee
[email protected]

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