Dec 25 Global Financial Highlights: NVIDIA's $20B AI Chip Deal, Nike Surges on Cook's Stake, Intel Drops on Process Halt

Deep News2025-12-25

Key global financial headlines from last night to this morning include:

1. **DOJ Discovers Over 1 Million Potential Epstein-Related Documents** The U.S. Department of Justice announced the discovery of over 1 million additional documents potentially linked to Jeffrey Epstein, delaying the scheduled release of files last Friday. Prosecutors and the FBI are reviewing the materials, which may take weeks to process for victim privacy protections.

2. **White House Orders Military Focus on Venezuela Oil "Blockade" for Two Months** A U.S. official stated the administration has directed the military to prioritize economic pressure via sanctions enforcement against Venezuela’s oil sector, reducing likelihood of immediate military action.

3. **NVIDIA to Acquire AI Chip Startup Groq for $20 Billion** NVIDIA agreed to a $20B all-cash deal for Groq, a high-performance AI accelerator designer. Groq’s latest $750M funding round in September valued it at $6.9B, with backers including BlackRock and Samsung.

4. **Nike Rises 4.6% as Apple CEO Cook Boosts Stake** Apple CEO Tim Cook purchased $3M worth of Nike shares at $58.97 each, nearly doubling his holdings in the athleticwear giant. Nike closed up 4.6% on Wednesday.

5. **Oil Prices Dip Amid Geopolitical Tensions and Oversupply Concerns** WTI crude fell 3 cents to ~$58/barrel, ending a five-day rally. Traders weighed escalating geopolitical risks against expected global surplus, particularly around Venezuela’s supply disruptions.

6. **Intel Drops 3.8% on Report of NVIDIA Halting Process Testing** Intel shares opened down 3.8% after reports that NVIDIA halted tests of Intel’s 18A chipmaking process for high-end semiconductors. Intel stated its 18A tech development remains "on track."

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