Dec 25, 2025 · QQQ/SPY Market Review · 13 headlines
U.S. markets were closed for Christmas Day, so QQQ and SPY remained at their previous regular-session closes. AI and semiconductor updates included NVIDIA licensing Groq technology and integrating its core team, Microsoft and Google competing for Korean memory-chip supply, and Samsung planning its own GPU for the Exynos 2800 by 2027. U.S. unemployment reached 7.8 million as of November and layoffs rose 50% year on year. The U.S. launched airstrikes against ISIS militants in northwestern Nigeria. ByteDance agreed to transfer control of TikTok's U.S. operations to an Oracle-led group. Japan reported Tokyo core CPI of 2.3% and preliminary industrial production down 2.6% month on month.
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NVIDIA licensed Groq technology and integrated its core team as inference competition intensified. Microsoft and Google sought memory-chip supplies from Samsung and SK Hynix. Samsung also planned to use its own GPU in the Exynos 2800 by 2027.
U.S. unemployment reached 7.8 million as of November, 700,000 more than a year earlier. Layoffs increased 50% year on year, with major reductions reported at companies including Amazon, UPS and Verizon.
The U.S. launched airstrikes against ISIS militants in northwestern Nigeria. Separately, ByteDance agreed to hand control of TikTok's U.S. operations to an Oracle-led group to avoid a ban.
Tokyo core CPI rose 2.3% year on year in December, below the 2.5% estimate and the prior 2.8%. Preliminary industrial production fell 2.6% month on month in November versus a 1.9% expected decline.
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