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- 🗞️ Alphabet to Acquire Intersect
🗞️ Alphabet to Acquire Intersect
Big Moves Decoded: NEM, WBD, and more!
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Market Performance
S&P 500: 6,878.49 ⬆️ 0.64%
Nasdaq: 23,428.83 ⬆️ 0.52%
Dow Jones: 48,362.68 ⬆️ 0.47%
Alphabet's $4.75B Power Play
Alphabet (GOOGL) just dropped $4.75 billion to acquire Intersect, a data center and energy infrastructure company.
While OpenAI has been making headlines with over $1.4 trillion in infrastructure commitments, Google is quietly ensuring it has the energy backbone to compete.
The real genius here? Intersect will help Alphabet build power generation capacity in lockstep with data center demand—solving one of AI's biggest bottlenecks.
CEO Sundar Pichai framed it perfectly: this acquisition will "expand capacity, operate more nimbly in building new power generation, and reimagine energy solutions to drive U.S. innovation and leadership."
The deal includes a $40 billion Texas investment through 2027, with new campuses in Haskell and Armstrong counties.
Google already held a minority stake from last December's funding round, which targeted gigawatts of capacity and $20 billion in renewable infrastructure by decade's end.
GOOGL stock has a Ziggma score of 91 and ranks above most peers on profitability and financial health.
Up over 60% in 2025, GOOGL stock trades at a steep valuation in 2025.
Our Takeaway
This is about energy independence in the AI era. While competitors scramble for GPU chips, Alphabet is securing the power grid.
In a world where AI models demand exponentially more electricity, controlling your energy infrastructure isn't optional—it's existential.
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Market Overview 📈
The S&P 500 kicked off a shortened holiday week on a positive note, rising 0.64% to 6,878.49, marking its third consecutive day of gains.
AI-linked stocks provided the momentum, with Nvidia climbing over 1% after Reuters reported the chipmaker is targeting mid-February for H200 chip shipments to China—potentially 40,000 to 80,000 chips if Beijing approves.
Micron Technology surged 4%, while Oracle advanced more than 3%.
The rally comes as investors debate whether AI stocks can maintain leadership into year-end, especially amid rotation into cheaper market segments and concerns about elevated tech valuations.
The S&P 500 is closing in on the psychological 7,000 level, up 17% year-to-date, following gains of 24% and 23% in 2023 and 2024, respectively.
Precious metals hit record highs, with gold jumping 1% to $4,443.10 per ounce (up 68% in 2025) and silver climbing 2.3% to $69.06 (more than doubling this year).
Oil prices also surged over 2% as Trump's administration escalated its Venezuela tanker blockade campaign.
Wall Street strategists remain bullish for 2026, forecasting an average S&P 500 target of 7,629—representing 11.6% upside—though analysts warn of potential volatility from the midterm elections and a new Fed chair transition.
Stock Moves Deciphered 📈
🍿 Warner Bros. Discovery (WBD)
Warner Bros. Discovery shares surged over 3% after Paramount Skydance guaranteed Larry Ellison would personally back its amended all-cash tender offer for the HBO parent.
The guarantee significantly strengthens the acquisition bid's credibility, though Warner Bros. has already accepted a competing offer from Netflix.
Paramount shares jumped 5% on the news, while Netflix dipped less than 1%.
🥇 Newmont Corporation (NEM)
Newmont shares jumped over 3% as gold prices surged to fresh all-time highs.
The precious metals miner hit a new 52-week high, benefiting from what First Eagle Investments calls the "reemerged monetary value of gold" amid outsized fiscal deficits across the U.S., U.K., Europe, Japan, and China.
Matthew McLennan, head of global value team at First Eagle, noted that "gold went from being depressed relative to nominal assets to more rationally valued," with other precious metals following higher with leverage.
⚡️ Dominion Energy (D)
Dominion Energy shares plunged nearly 4% after the Trump administration halted five East Coast wind projects, including Dominion's Coastal Virginia Offshore Wind—the largest offshore wind project in the United States.
Interior Secretary Doug Burgum cited national security concerns identified by the Pentagon as the reason for pausing leases on Coastal Virginia, along with Vineyard Wind 1, Revolution Wind, Sunrise Wind, and Empire Wind 1.
The decision represents a significant setback for Dominion's renewable energy expansion plans and raises questions about the future of offshore wind development under the Trump administration.
Headlines You Can't Miss 👀
📊 Janus Henderson was acquired by Trian Fund Management and General Catalyst for $7.4 billion at $49 per share, representing an 18% premium from late October levels.
⚡ Oil prices jumped 2.3% after Coast Guard seized second Venezuela-linked tanker, with U.S. crude hitting $57.84 and Brent reaching $61.85 per barrel.
🤖 Nvidia reportedly targeting mid-February for H200 chip shipments to China, with 5,000-10,000 modules (40,000-80,000 chips) pending Beijing approval and Trump's 25% revenue share requirement.
🎄 Santa Claus rally probability looks strong: S&P 500 positive 78% of the time during Christmas week when up 15% YTD but down in December, per Bespoke.
📈 Wall Street strategists forecast the S&P 500 reaching 7,629 in 2026 (11.6% upside), expecting a bull market continuation despite projected 14% earnings growth and volatility concerns.
💰 Bitcoin rebounded to trade around $90,000, lifting crypto stocks including Strategy and Mara Holdings (+2%), Robinhood (+1.9%), and Bullish (+1%).
Trending Stocks 📊
🏭 Honeywell (HON)
The industrial giant declined 1.6% after disclosing in a regulatory filing that it expects a one-time fourth-quarter charge tied to settlement talks with Flexjet.
The charge will reduce GAAP sales by $310 million and operating income by $370 million, impacting the company's year-end financial results and dampening investor sentiment heading into the holidays.
🛒 Maplebear (CART)
Instacart's parent company fell more than 3% after announcing it would end AI-driven pricing tests on its grocery platform.
The controversial tests had caused some customers to pay more for identical items in the same store than others, sparking consumer backlash and regulatory scrutiny that ultimately forced the company to abandon the dynamic pricing experiment.
🤖 Oracle (ORCL)
Oracle shares gained 3% after Wells Fargo reiterated its “overweight” rating and urged investors to buy the dip. The bank's $280 price target signals nearly 50% upside from Friday's close.
Despite Oracle tumbling 42% from September highs amid AI trade concerns and OpenAI exposure worries, Wells Fargo believes recent weakness has left the software giant undervalued.
What’s Next?
Key market and macro news 👇
📊 The Bureau of Economic Analysis will release its final estimate of the third-quarter Gross Domestic Product (GDP) growth rate. This data provides a broad look at the economy's health and can influence investor sentiment.
🛍️ The Conference Board is set to release the Consumer Confidence Index for December. This report measures consumer optimism about the economy, which can predict future consumer spending and, in turn, corporate profits.
📺 The Census Bureau will release data on durable goods orders for October. This report tracks new orders for long-lasting manufactured goods and provides insight into the health of the manufacturing sector and business investment.
👩💼 The Department of Labor will release the latest initial jobless claims data. This weekly report is a key indicator of the labor market's health and can influence expectations for future economic growth.
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