Apple(US:AAPL) Zhi Tong Cai Jing·2025-10-28 22:28Market Performance - The three major indices reached new highs, with Apple (AAPL.US) briefly surpassing a market capitalization of $4 trillion, becoming the third large tech company to achieve this milestone [1] - As of the close, the Dow Jones increased by 161.78 points (0.34%) to 47,706.37, the Nasdaq rose by 190.04 points (0.8%) to 23,827.49, and the S&P 500 gained 15.73 points (0.23%) to 6,890.89 [1] Stock Movements - Nvidia (NVDA.US) saw a nearly 5% increase, closing at a market cap of $4.89 trillion [1] - Tesla (TSLA.US) rose nearly 2%, while Intel (INTC.US) and Nokia (NOK.US) increased by 5% and 23%, respectively [1] - The Nasdaq Golden Dragon China Index fell by 1.2%, with Alibaba (BABA.US) dropping over 1% and Bilibili (BILI.US) rising by 5% [1] Economic Indicators - The U.S. consumer confidence index fell to a six-month low in October, dropping from a revised 95.6 in September to 94.6, below the economist's median forecast of 93.4 [4] - The S&P/Case-Shiller National Home Price Index indicated a 1.5% year-over-year increase in U.S. home prices as of August, down from 1.6% in July, marking the slowest growth in over two years [5] Company Developments - Apple is preparing to upgrade its MacBook Air and iPad Air with OLED screens, which are expected to enhance color vibrancy and contrast compared to current LCD displays [6] - Nvidia's CEO Jensen Huang dismissed concerns about an AI bubble, stating that the company's new chips are projected to generate $500 billion in revenue over the next five quarters [8] - Tesla is reportedly considering internal candidates for CEO succession in light of potential changes to Elon Musk's compensation plan [9] - Lucid Group (LCID.US) announced plans to launch Level 4 autonomous vehicles in collaboration with Nvidia, aiming to provide advanced self-driving capabilities [10]