NEW YORK / LONDON (IT BOLTWISE) – The stock market is volatile after reports of a possible chip deal between Google and Meta put pressure on the prices of NVIDIA and AMD. At the same time, Best Buy is benefiting from strong demand for electronic devices, which has a positive impact on its quarterly figures.
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Stock markets reacted sensitively on Tuesday, November 25, 2025, to reports of a possible deal between Google and Meta that would involve the use of Google’s specialized AI chips. This news caused share prices of leading chipmakers such as NVIDIA and Advanced Micro Devices (AMD) to fall. The prospect of such a deal increases competition in the AI chip space, a market already seeing intense competition.
While chip manufacturers came under pressure, electronics retailer Best Buy benefited from strong demand for new devices. The company beat expectations in quarterly earnings, sending shares up over 5%. Best Buy raised its annual forecast, citing continued consumer spending among customers who are increasingly investing in new computers, tablets and gaming devices.
The major US stock indices nevertheless recorded a positive trend. The Dow Jones rose 1.4%, the S&P 500 gained 0.9% and the Nasdaq closed 0.7% higher. The development reflects investors’ growing confidence that the Federal Reserve could cut interest rates when it meets in December, which would further boost the stock market.
Another winner on the day was Keysight Technologies, whose shares rose 10%. The company, which provides electronic testing and measurement solutions, beat expectations in quarterly earnings and announced a new $1.5 billion share repurchase program. Demand from the AI data center sector contributed significantly to this success.
In contrast, JM Smucker saw shares fall 3.7% after the company reported disappointing full-year profit guidance. Despite a slight increase in sales and a profit in line with expectations in the second quarter, the outlook was disappointing due to the challenges in the coffee business.
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