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Wall Street Breakfast Podcast: Nvidia's Chip Reign Challenged
Seeking Alphaยท 2025-11-25 11:29
Group 1: Nvidia and Meta - Nvidia's stock dropped 3% premarket following reports that Meta is considering a multi-billion-dollar deal to acquire Google's AI chips, known as tensor processing units (TPUs) [3][4] - The potential agreement would position TPUs as a competitive alternative to Nvidia's chips, posing a threat to Nvidia and Advanced Micro Devices (AMD) by undermining their sales and pricing power [4][5] Group 2: Bed Bath & Beyond and The Brand House Collective - Bed Bath & Beyond (BBBY) is set to acquire The Brand House Collective (TBHC) for approximately $26.8 million, with the merger expected to finalize in Q1 2026 [5][10] - Bed Bath & Beyond currently holds about 40% of TBHC's outstanding shares, and TBHC shareholders will receive 0.1993 shares of BBBY common stock for each TBHC share [6][10] - The merger aims to combine BBBY's brand strength and digital capabilities with TBHC's merchant model, which has already shown double-digit sales growth through early store conversions [7][8] - The merger is anticipated to generate annual savings of at least $20 million by eliminating redundancies, which will be reinvested into growth initiatives [8][9] Group 3: Spotify - Spotify plans to increase U.S. subscription prices in Q1 2026, marking the first price hike since mid-2024, with reports suggesting a $1 increase to $10.99 per month [10][11] - The price revision will also affect international markets, where Spotify previously raised prices to 11.99 euros ($13.82) per month [11]