Breakfast News: Week in Review

Nvidia agreed to acquire Hugging Face for $13 billion as the chipmaker moves defensively against customers developing competing processors. The deal marks NVDA's largest acquisition and comes amid growing competition in AI infrastructure.

MongoDB posted better-than-expected earnings but shares plunged 15% on weaker Q3 guidance, signaling demand headwinds in the database sector. The sell-off reflects investor concern over decelerating growth in cloud database deployments.

Uber cut 10% of its workforce while simultaneously lobbying against robotaxi regulations that threaten its core ride-hailing business. The dual strategy highlights mounting pressure on the company's operating model.

The Federal Reserve signaled a potential rate hold, weighing on expensive AI stocks including NVDA, MSFT, and GOOG. Token prices hit record lows, pressuring business models at AI companies that rely on token-based monetization. SNOW and other high-multiple AI infrastructure plays faced renewed selling pressure as investors recalibrate valuations against a higher-for-longer rate environment.