Tech Stocks React to AI Chip Deal Reports; Best Buy Raises Sales Forecast

On November 25, 2025, reports emerged that Meta Platforms is evaluating the use of Google's AI chips, leading to declines in shares of major chipmakers. Advanced Micro Devices (AMD) stock fell approximately 4%, while Nvidia (NVDA) shares decreased nearly 3%. Conversely, Alphabet (GOOGL), Google's parent company, saw its stock rise close to 2%, reaching a new high.

In the retail sector, Best Buy (BBY) reported a 2.7% increase in comparable-store sales for the third quarter, marking its largest gain in four years. The company raised its annual sales forecast, now projecting comparable sales growth between 0.5% and 1.2%, up from the previous range of -1% to +1%. CEO Corie Barry noted that consumers remain resilient and are drawn to value, with continued interest in innovative and necessary tech purchases.

Additionally, Keysight Technologies (KEYS) shares jumped 10% after the company topped quarterly earnings estimates, driven by strong demand from AI data centers. The company also announced a new $1.5 billion share repurchase program.

Overall, major U.S. equity indexes rose for the third consecutive session, with the Dow increasing 1.4%, the S&P 500 gaining 0.9%, and the Nasdaq ending 0.7% higher. Investors are increasingly optimistic that the Federal Reserve may cut interest rates at its December meeting.