Squawk on the Street Record Highs and the Santa Claus Rally Watch, Metals Rock, Nvidia's $20B Deal 12/26/25
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Dec 26, 2025 David Faber, a CNBC journalist known for breaking significant tech stories, joins to discuss recent market movements. He elaborates on Nvidia's groundbreaking $20 billion deal to acquire Grok's assets, highlighting its implications for the chip industry. The conversation also dives into record highs in major metals, driven by strong demand, and the potential for a Santa Claus rally in the stock market. With insights on Tesla’s future from a former board member and an outlook for key retail players like Nike and Lululemon, the discussion is dynamite for investors.
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Grok Tech Could Shift Inferencing Competition
- Grok's IP focuses on accelerator chips and inference workloads that could lower inference cost and speed up processing.
- Acquiring that technology and people may materially affect competitive dynamics in AI inferencing.
Catalysts Tesla Needs In 2026
- Tesla needs regulatory approvals and demonstrable revenue growth to sustain its valuation in 2026.
- Focus on robo‑taxi rollouts and energy division expansion to deliver the necessary catalysts.
Waymo's Measurable Lead Over Tesla
- Waymo currently logs far more miles between critical interventions than Tesla's system, showing a clear lead in safety metrics.
- Tesla must close a large performance gap to compete at scale in robo-taxi markets.