During a recent press conference following the 2025 APEC CEO Summit, Nvidia CEO Jensen Huang highlighted the company’s remarkable growth, as Nvidia became the first company to achieve a $5 trillion valuation, driven by advancements in artificial intelligence (AI). The S&P 500 unexpectedly rose 2.3% in October, countering historical “Octoberphobia,” while the tech-heavy Nasdaq Composite surged 4.7%. Amazon’s shares jumped 9.6%, fueled by robust demand in its cloud services and AI infrastructure, contributing to a broader trend of investment in AI technologies. This surge in the tech sector has created a “virtuous cycle,” as increased AI usage translates to greater investment and further advancements. Other Big Tech firms reported significant capital expenditure increases, primarily allocated for AI development. The enthusiasm surrounding AI seems sustainable, contrasting with past market trends—a signal of lasting growth potential in the technology landscape.
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