The AI Trade: Alphabet $4T Watch, Meta Rises, Nvidia Slides 11/25/25

The hosts of CNBC's Squawk on the Street discuss market insights and analysis, focusing on Nvidia, Alphabet, and the AI trade. They analyze reports of Meta using Google TPUs, Broadcom's involvement, and the potential impact on Nvidia. The conversation covers hyperscaler CapEx, OpenAI's influence, and Nvidia's response to criticisms. They also touch on economic data, retail earnings from companies like Dick's Sporting Goods and Kohl's, and the potential for a Fed decision by Christmas, as well as the state of healthcare and the Fed's communication strategy. Additional topics include collapsing commodities, Aeromexico's IPO, Zoom's competition with Teams, Meta's CapEx, Oracle's liabilities, and the performance of various retailers like Wal-Mart and Target.