Nvidia(US:NVDA) Mei Ri Jing Ji Xin Wen·2025-10-29 11:36Market Overview - Dow futures decreased by 0.25%, S&P 500 futures increased by 0.17%, and Nasdaq futures fell by 0.40% [1] Chinese Stocks Performance - Chinese stocks showed a pre-market rally with Alibaba up by 1.69%, Pinduoduo up by 0.72%, JD.com up by 0.46%, Baidu up by 1.26%, and Bilibili up by 0.66% [2] Commodity Prices - Spot gold prices reached $4020 per ounce, marking a 1.71% increase for the day [3] Company Earnings and Stock Movements - GlaxoSmithKline reported a turnaround in Q3, posting a profit of £2.01 billion compared to a loss of £58 million in the same period last year, leading to a pre-market increase of 3.36% in its stock [4] - Nvidia's stock rose over 3%, with a potential market capitalization of $5 trillion if the current level is maintained, following a broad discussion by CEO Jensen Huang on AI and other advanced technologies during the GTC conference [4] - Bloom Energy's stock surged over 17% after reporting a 57.1% year-over-year revenue growth, reaching $519 million, marking its fourth consecutive quarter of record revenue [4] Analyst Ratings - Jefferies raised the target price for Coinbase from $375 to $384 [7] Federal Reserve Meeting Expectations - The Federal Reserve is expected to announce a 25 basis point rate cut, bringing the target range to 3.75%-4% during the upcoming FOMC meeting [8] - Analysts noted increasing policy divergence within the FOMC, contrasting with the consensus seen in the previous meeting [8] - There are indications that the market is preparing for the end of the Fed's quantitative tightening policy, as evidenced by a significant trade involving 40,000 contracts betting on a minimal increase in the SOFR above the expected federal funds rate [8]