Google (GOOG) (GOOGL) nears purchase of AdHawk as part of headset, smart glasses strategy: report. (00:22) Palantir (PLTR) teases upcoming March 13 announcement on X. (00:58) McDonald's (MCD) wants to speed up new menu offerings - report. (01:56) Episode transcripts seekingalpha.com/wsb.Show links: Biggest stock movers Wednesday: GRPN, MOMO, and moreTSMC pitches Intel foundry joint venture to Nvidia, AMD and Broadcom - reportMusk pledges to double Tesla’s U.S. production amid support for TrumpRoche, Zealand Pharma enter $5.3B license deal for obesity treatmentSign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.
Chapter 1: What is Google's new strategy with AdHawk?
Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. Good morning. Today is Wednesday, March 12th. I'm Julie Morgan. Google reportedly looks to snap up an eye-tracking startup, a cryptic teaser from Palantir, and McDonald's is working on a new strategy. Google is reportedly nearing a deal to purchase AdHawk Microsystems.
Chapter 2: Why is eye-tracking technology important for AR?
According to Bloomberg, this could bolster its re-entry into the smart glasses or augmented reality headset market. AdHawk is a startup based in Canada that specializes in producing eye-tracking technology, which is crucial in developing augmented and virtual reality headsets.
Chapter 3: When will Google finalize the AdHawk acquisition?
The report says Google intends to buy the company for $115 million, with an agreement completed possibly as early as this week. If the deal is completed, AdHawk would join Google's Android XR team. Palantir posted a 15-second teaser on X which points to some type of significant announcement on Thursday, March 13th. Yes, tomorrow. The teaser starts with a series of symbols around the number 6.
Chapter 4: What is Palantir's cryptic teaser about?
The symbols include the Palantir logo, a four-pointed star, its AIP logo, and an hourglass. It then transitions to a clock starting at 5 and is headed towards an encircled 6. It features images of a sunrise or sunset, another of possibly a rising or setting planet, and of what appears to be a view of traveling at light speed through space.
One commenter said the six could be a reference to Palantir holding a sixth AIPCon. Last September, Palantir held its fifth AIPCon, which was livestreamed. It featured multiple companies and agencies presenting work they were doing with Palantir's artificial intelligence software platform.
Chapter 5: Is Palantir planning an event related to AI?
McDonald's is working on increasing traffic by speeding up the process from R&D to implementation with a new management team.
Chapter 6: How is McDonald's planning to accelerate new menu offerings?
According to the Wall Street Journal, McDonald's CEO has a new strategy for greater nimbleness in the innovation process, which includes the appointment of Jill McDonald as the burger chain's first chief restaurant experience officer and another person to lead the company's beverages and desserts business. McDonald currently heads up the company's European, Canadian, and Australian operations.
In this position, she'll oversee innovation and technology improvements through the eyes of a restaurant general manager. The fast food giant has been dealing with shifting consumer tastes and rising costs that have inflated the price of a cheeseburger by 55% in just three years. Shares were down for a second day on Tuesday for a two-day total loss of 4.5%.
Of course, I'd like to point out to you the trending articles that you can find on the homepage on Seeking Alpha. TSMC reportedly pitches an Intel Foundry joint venture to NVIDIA, AMD, and Broadcom. Elon Musk pledges to double Tesla's U.S. production amid support for Trump. And Roche and Zeeland Pharma enter a $5.3 billion license deal for an obesity treatment.
a pretty short catalyst to watch for the day. Notable investor events include Cloudflare's Investor Day, and Starbucks will also hold its annual meeting, with CEO Brian Nicol making some dramatic changes at the company. Now let's get a look at the markets today ahead of the opening bell. Dow S&P and Nasdaq futures are in the green. Crude oil is up 0.5% at $66 a barrel.
Bitcoin is up 1.1% at $82,000. In the world markets, the FTSE 100 is up 0.6% and the DAX is up 1.4%. Stitch Fix is on our list of the biggest movers of the day pre-market. S-Fix is up 19%. Shares soared after the company delivered strong fiscal Q2 results and an optimistic outlook. I've got one item to tell you about on today's economic calendar. You guessed it, CPI at 8.30 a.m.
On a month-over-month basis, the CPI is expected to rise 0.3%, easing from a 0.5% pace in January. Likewise, the measure is expected to rise 2.9% year-over-year, down from the 3% rate in the prior month. Core CPI is expected to rise 0.3% month-over-month, down from 0.4% in January and increased 3.2% year-over-year versus the 3.3% pace in the previous month.
That's it for today's Wall Street Breakfast. Thanks for listening. To take full advantage of Seeking Alpha, join the highest quality community of real investors discussing stocks and ETFs at seekingalpha.com slash subscriptions. I'm your host, Julie Morgan. Go out and make it a great day.
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