Closing Bell: Final Full Trading Week of 2025

Key Points

• Markets ended the day lower after falling on Friday. The SPX was down -0.16%, the NDX down -0.51%, $DJI down -0.086% and the Russell down -0.81%
• Dan Ives reiterated his bull case for Tesla (TSLA), calling 2026 a pivotal year for the company and making the case for a $3T market cap by end of 2026
• Intel (INTC) is reportedly in discussions to acquire AI chip startup SambaNova for $1.6 billion.

Markets ended the day down overall after a weak Friday. Health Care and Utilities led, while Information Technology and Energy were down.

Tesla (TSLA) to $3T?

Wedbush’s Dan Ives reiterated his Outperform rating on Tesla and argued that, in a bull case, its market cap could hit $3T by the end of 2026. He thinks next year will be pivotal for the company, with autonomous driving and robotics taking center stage. Dan anticipates an accelerated Cybercab launch in late April/May.

Intel (INTC) Takes on Nvidia (NVDA)

Intel is reportedly in advanced talks to buy SambaNova, an AI chipmaking upstart, as it moves to compete with Nvidia. The deal could be worth $1.6 billion. Founded in 2017 by Stanford professors, SambaNova focuses on custom AI chips to rival Nvidia.

Key Market Events for Tomorrow

• 8:30 AM ET: Employment Situation, Housing Starts & Permits, Retail Sales (Delayed)
• 9:45 AM ET: PMI Composite Flash
• 10:00 AM ET: Business Inventories (Delayed)

Notable Earnings for Tomorrow

• Premarket: DLTR
• Postmarket: LEN, WOR

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