Nvidia's Groq deal, S&P's winning week, leather tariffs and more in Morning Squawk

Group 1: Nvidia's Acquisition - Nvidia has agreed to acquire assets from chip startup Groq for $20 billion in cash, marking its largest purchase to date [2][3] - The acquisition includes a nonexclusive licensing deal, with Groq's leadership team joining Nvidia to enhance and scale the licensed technology [2] Group 2: Market Performance - The S&P 500 has increased by 1.4% this week, setting new intraday and closing records, while the Dow Jones Industrial Average and Nasdaq Composite are also up more than 1% [7] - Historically, the last five trading days of the year and the first two of the new year have shown an average gain of 1.3% for the S&P 500 since 1950 [7] Group 3: Waymo's Service Update - Waymo has paused its robotaxi service in the San Francisco Bay Area due to expected heavy rain, following a previous service pause during a blackout that caused operational issues [8][9] Group 4: Leather Goods Pricing - Tariffs and supply chain bottlenecks are increasing prices for leather goods, with Tapestry estimating tariff-related expenses could reach $160 million [10] - The Yale Budget Lab projects that prices for leather goods will remain nearly 22% higher for the next one to two years due to significant tariff exposure [11]