Nvidia(US:NVDA) Zhong Guo Ji Jin Bao·2025-10-28 17:55Group 1: Market Overview - The US stock market continued to rise on October 28, with Wall Street awaiting earnings reports from major tech companies and the start of a two-day Federal Reserve meeting [3][4] - The Dow Jones and Nasdaq saw slight increases, while the S&P 500 approached breakeven [3] - Analysts emphasize that earnings remain a dominant factor, particularly regarding expectations for capital expenditures (capex) [4] Group 2: Capital Expenditure Insights - Microsoft, Alphabet, Meta, Amazon, and Apple, which collectively account for about one-quarter of the S&P 500, are set to report earnings this week [4] - Analysts estimate that the combined capital expenditures for these companies will reach $360 billion in the current fiscal year, with a significant portion related to artificial intelligence [4] - This figure is expected to rise to nearly $420 billion next year [4] Group 3: Nvidia's Investment in Nokia - Nvidia plans to invest $1 billion in Nokia, marking a significant endorsement of Nokia's shift from mobile network equipment to an AI strategy [7] - Nokia will issue approximately 166 million new shares to Nvidia at $6.01 per share, resulting in Nvidia holding a 2.9% stake in the company [7] - Nvidia's chips will be used to accelerate Nokia's software for 5G and 6G networks, while Nvidia will explore integrating Nokia's data center technology into its AI infrastructure [7] Group 4: Nokia's Strategic Shift - Nokia is transitioning into the data center business, benefiting from the increased demand for computing power driven by the AI boom [7] - The company exceeded Wall Street expectations in the last quarter, aided by its earlier acquisition of Infinera for $2.3 billion to expand its AI data center network products [7] - CEO Justin Hotard is leading Nokia's significant transformation to provide a full range of communication equipment, from 5G RF devices to fiber optic cables [8]