Nvidia Leads Wall Street to Record Highs
U.S. stocks climbed sharply on October 29, 2025, with Nvidia becoming the first company in history to surpass a $5 trillion market valuation.
The tech rally pushed all major indexes higher, signaling continued investor optimism around artificial intelligence and upcoming earnings from major tech firms.
In early trading, the Dow Jones Industrial Average added 250 points, while the S&P 500 advanced 0.3%, holding above 6,900. The Nasdaq Composite rose 0.6%, marking another all-time high driven by tech stocks.
Nvidia Crosses Historic $5 Trillion Mark
Nvidia shares jumped more than 5%, pushing the stock past $211 and cementing its position as the world’s first $5 trillion company. The milestone reflects Nvidia’s dominance in the AI chip sector and its critical role in powering data centers and machine learning applications.
The company’s stock has surged 52% year-to-date and 93% over the past six months, a rally fueled by demand for AI hardware from major cloud providers and tech firms.
Investor sentiment remained upbeat, with expectations that Microsoft, Alphabet, and Meta would deliver strong earnings after markets close. Analysts anticipate robust guidance as AI integration continues to drive growth across the sector.
Fed Decision and Market Outlook
Attention now turns to the Federal Reserve’s policy meeting, concluding later in the day. Chair Jerome Powell is expected to announce a 25-basis-point rate cut, marking the second consecutive reduction in interest rates. Markets also anticipate another cut in December as part of efforts to support economic momentum.
Despite concerns over a partial government shutdown, Wall Street has maintained its bullish tone. Oil prices edged higher amid optimism over U.S.-China trade talks, while gold traded at $4,027 per ounce. In crypto markets, Bitcoin hovered near $112,700, and Ethereum remained below $4,000.
The week’s optimism reflects a convergence of factors strong tech performance, easing monetary policy expectations, and a resilient U.S. economy all propelling Wall Street into record territory.
