Breakfast News: Delivery King Eyes Grocery Carts

DoorDash (DASH) is in talks to acquire Instacart (CART) for approximately $17 billion, a deal that would push the delivery leader into grocery to compete with Walmart (WMT) and Amazon (AMZN).

Other moves driving the week:

Meta (META) is raising $35 billion through a stock sale to fund its AI infrastructure buildout. Nvidia (NVDA) is investing $3 billion in the offering. Interpretation: Nvidia's participation ties a key chip supplier directly to a customer's capital raise, and a $35 billion equity issuance signals how capital-intensive the spending plans are.

Brazilian political uncertainty hit MercadoLibre (MELI) and Nu Holdings (NU), which sold off on concerns about government spending and currency weakness. Both names carry Brazil exposure, so currency moves and fiscal headlines can drive price action independent of company fundamentals.

Earnings this week include Enphase Energy (ENPH) and NXP Semiconductors (NXPI), alongside Visa.

Deal read-through: A $17 billion price tag for Instacart, if the deal is struck, would mark a major expansion move for DoorDash. Interpretation: the target list of rivals named, Walmart and Amazon, suggests grocery is the battleground management is prioritizing, and CART is the likely beneficiary of any premium as talks progress.