Onion Market - Farmers in Maharashtra and Karnataka are experiencing significant losses due to a steep decline in onion prices, attributed to oversupply and crop damage from heavy rainfall [2][3] - Onion prices have plunged 54–56% year-on-year, with wholesale prices now around ₹20–21 per kg, the lowest since mid-2023 [3] Asean Trade Pact - India is seeking an early review of its free trade pact with ASEAN, citing limited benefits despite trade more than doubling to $123.1 billion in 2024-25 from $56.2 billion in 2010-11 [6][7] - The trade gains have been skewed towards ASEAN members, with their share in India's imports rising from 8.3% to 11.7%, while India's exports to ASEAN have decreased from 10.2% to 8.9% since the pact's inception [7] Air Quality in Delhi - Delhi's air quality index (AQI) reached 373, marking the highest level in the past 10 days, pushing air quality back into the "very poor" category [11] - The Delhi government conducted its first cloud-seeding operations in over five decades as part of its air quality management strategy [12] Industrial Output - Industrial output grew 4% year-on-year in September, the slowest pace in three months, with mining contracting by 0.4% [20] - Manufacturing expanded by 4.8%, while electricity generation slowed to 3.1%, indicating uneven momentum across sectors despite festive-season demand [23] Nvidia's Market Valuation - Nvidia became the first company to reach a $5 trillion market valuation, surpassing Microsoft and Apple [24] - The surge in Nvidia's market cap followed CEO Jensen Huang's announcement of expected $500 billion in AI chip orders and plans for seven new supercomputers for the US government [27]

Market Overview - The three major U.S. stock indices recorded gains both this week and this month, with the Dow Jones up 0.75%, S&P 500 up 0.71%, and Nasdaq up 2.24% for the week [3] - For October, the Dow Jones increased by 2.51%, S&P 500 by 2.27%, and Nasdaq by 4.7%, marking six consecutive monthly gains for the Dow and S&P 500, and seven for Nasdaq [3] Federal Reserve Insights - Multiple Federal Reserve officials expressed opposition to the recent interest rate cut decision, emphasizing that a December rate cut is not guaranteed [3][4] - Fed officials highlighted challenges in the labor market and indicated that maintaining some policy restrictions is necessary to reduce inflation [3] - Fed Governor Waller stated that despite the government shutdown, the Fed can still access ample data to guide monetary policy, suggesting a potential rate cut in December based on data [4] Amazon's Performance - Amazon's third-quarter net sales reached $180.169 billion, a 13% year-over-year increase, with net profit rising by 38% to $21.187 billion [6][8] - The company's earnings per share rose to $1.95 from $1.43 a year earlier, exceeding Wall Street expectations, which led to a nearly 10% increase in its stock price [6][8] Nvidia's Developments - Nvidia announced plans to collaborate with Samsung to establish an AI manufacturing facility in South Korea, involving the deployment of up to 260,000 GPUs [8] - The partnership includes significant investments in AI technology, with Samsung set to procure over 50,000 Nvidia GPUs for its AI chip cluster [8] - Nvidia's CEO highlighted the potential of the Chinese market, estimating a $50 billion opportunity this year, which could grow to several hundred billion by the end of the decade [9]

美国政府"停摆"进入第30天。美国众议院工作人员收到通知，将无法领取原定于10月31日发放的薪水。 【导读】三大股指本周及本月均录得涨幅；大型科技股涨跌互现 美东时间10月31日周五，美国三大股指小幅收涨，三大股指本周及本月均录得涨幅。多位美联储官员不 支持本周降息决策。亚马逊第三季度云计算部门营收增长20%，股价收高近10%。市场对AI泡沫的担忧 有所缓解。英伟达深化韩国版图，计划与三星共建AI工厂。 多位美联储官员齐声反对最新降息 截至收盘，道指涨0.09%，报47562.87点；标普500指数涨0.26%，报6840.2点；纳指涨0.61%，报 23724.96点。 本周，道指涨0.75%，标普500指数涨0.71%，纳指涨2.24%。10月份，道指涨2.51%，标普500指数涨 2.27%，纳指涨4.7%。其中，道指、标普500指数月线6连涨，纳指月线7连涨。 多位美联储官员表示，他们并不支持本周的降息决策，这进一步强调了美联储主席杰罗姆·鲍威尔周三 所发出的警示：12月份再次降息远非确定无疑。 美联储哈马克：本周更倾向于维持利率不变，在双重职责上均面临挑战，劳动力市场出现一些疲软的初 步迹象，包括裁 ...

TRENDING: Palantir, Robinhood Earnings Due After Market's Tricky October IBD Videos 10:57 AM ETSpaceX will be among the first contractors working on the... INVESTING RESOURCES Take a Trial Today Get instant access to exclusive stock lists, expert market analysis and powerful tools with 2 months of IBD Digital for only $20! The stock market ended a potentially troublesome week on a high note and booked strong gains for October. Amazon.com (AMZN) earnings boosted an industry group, while Palantir Technologies ...

Gold Market - Gold prices experienced significant volatility in October but achieved a third consecutive monthly gain, closing down about 0.5% while remaining above the 4,000 mark, with total gains of just under 4% for the month [2] - Year-to-date, gold has increased by 50%, reaching a record high of 4,381.21 on October 20th [2] - Analysts and traders expect gold prices to average $4,275 in 2026, a sharp increase from the previous estimate of $3,400 just three months ago [3] Data Storage Companies - Seagate and Western Digital reported stellar earnings, significantly benefiting from the AI infrastructure buildout, with both companies surging over 200% year-to-date [4][5] - These companies rank as the second and third highest percentage gainers on the S&P 500 this year, highlighting their impressive performance relative to the broader market [5] Nvidia Developments - Nvidia announced a deal to supply over 260,000 accelerated chips to South Korea, including major companies like Samsung, as part of efforts to expand globally [6] - The deal is considered a watershed moment for the tech industry, with Nvidia recently becoming the first company to reach a $5 trillion market cap [7] Upcoming Earnings Reports - Palantir and Hims and Hers are set to report earnings soon, with Palantir expected to show a profit of 17 cents per share, a 68% increase year-over-year, and revenue projected to reach approximately $1.092 billion [9] - AMD's upcoming report is highly anticipated due to a 60% increase in October following a deal with OpenAI, with the market keen to see if AI infrastructure demand can sustain its rally [11] - McDonald's earnings report will provide insights into consumer behavior, especially in light of recent trends observed by Chipotle regarding consumer spending amid economic uncertainties [12][13]

来源：中国经营报 中经记者 吴清 北京报道 英伟达成为全球首家市值突破5万亿美元的上市公司，引发全网关注和热议。 美国当地时间10月29日收盘，英伟达股价上涨3%，报207.04美元，市值为5.03万亿美元，成为全球首个 市值突破5万亿美元的企业，其今年以来涨幅已超过50%。 在感慨英伟达市值飙涨的同时，人们也产生一些疑问：5万亿美元是新的起点还是"AI泡沫"？"中国市场 份额从95%降为0"的情况下，英伟达市值凭什么连创新高，直至创造新的纪录？ 针对这些疑问，多位业内人士接受《中国经营报》记者采访时表示，市值反映的是公司未来的盈利能力 和增长潜力。英伟达的市值狂飙，源于其在全球AI浪潮中无可替代的"卖铲人"地位。不过需要注意，这 5万亿美元超高市值里，"AI泡沫"的风险不容忽视；同时这里面也有市场对英伟达重返中国市场的期待 在。 实际上，英伟达创始人黄仁勋10月28日称，美国必须允许在中国销售美国制造的AI芯片，以确保硅谷 企业在AI领域继续保持全球领先地位。并警告美国对华技术封锁不仅"伤害中国"，"往往也会伤害美 国，甚至更糟"。 何以突破5万亿？ 业内人士多认为，英伟达市值连创新高背后，关键是全球AI需 ...

Core Insights - The earnings announcements from major hyperscalers like Microsoft will lead to increased scrutiny on AI capital expenditure spending, particularly regarding their returns due to their scale and rapid growth [1] Company Analysis - Nvidia Corporation is identified as the main beneficiary of the increased AI capital expenditure, suggesting a strong position in the market as demand for AI technology continues to rise [1]

Core Insights - The earnings announcements from major hyperscalers like Microsoft will lead to increased scrutiny on AI capital expenditure spending, particularly regarding returns on investment due to their scale and rapid growth [1] Company Analysis - Nvidia Corporation is identified as the main beneficiary of the increased AI capital expenditure, indicating a strong position in the market [1]

Core Insights - The rise of artificial intelligence has created significant profit opportunities, with Nvidia being a major beneficiary due to its graphics chips powering various AI applications [1] - Wall Street is beginning to question whether Nvidia's growth potential is already reflected in its stock price, leading to a shift in investor focus towards companies that can generate recurring revenue from AI rather than relying solely on hardware sales [2] Company Analysis - **Nvidia (NASDAQ:NVDA)**: Nvidia has been a leader in the AI space, but its margins and scale are seen as being priced for perfection. The demand for compute power remains high, but the market may be shifting towards companies that provide AI integration rather than just hardware [2][3] - **AMD (NASDAQ:AMD)**: AMD is positioning itself for the "AI efficiency" phase, with its MI300 chip offering a 2x performance-per-watt advantage. This could be pivotal as inference workloads become more critical. AMD is viewed positively by industry experts, with potential for significant growth in the cloud sector by 2026 [5][6] - **Microsoft (NASDAQ:MSFT)**: Microsoft is rapidly monetizing its AI integrations across various platforms, contributing an estimated $10 billion in incremental revenue for FY2025. The company is making substantial infrastructure investments to enhance its compute capabilities, although it is still in the early stages of realizing its AI potential [7][9][11] - **Taiwan Semiconductor Manufacturing Company (NYSE:TSM)**: TSMC is crucial for the AI ecosystem as it manufactures chips for major players like Nvidia and AMD. The company's move to increase manufacturing in the U.S. helps mitigate geopolitical risks [10] Future Trends - The next wave of AI winners may not be traditional chipmakers but rather companies that excel in AI integration and infrastructure. As gross margins stabilize, investors are likely to favor firms that enhance productivity rather than those that burn capital [3][11]

Core Viewpoint - The artificial intelligence megatrend remains robust, with major tech companies signaling strong ongoing investments despite concerns about an AI bubble [1][2][30]. Group 1: Earnings Reports and Capital Expenditures - Major tech companies including Meta, Microsoft, Google, Amazon, and Apple reported solid earnings, with significant capital expenditures aimed at AI infrastructure [2][5][6]. - Google reported capital expenditures of $24 billion, up 83% year-over-year, while Microsoft spent $35 billion, a 74% increase [7]. - Meta's capital expenditures reached $19.4 billion, more than double the previous year's spending, and it expects even larger expenditures in 2026 [7][16]. Group 2: AI Ecosystem and Market Impact - The AI ecosystem is becoming a significant part of the stock market, with major players like Microsoft, Meta, Google, and Amazon collectively accounting for over $11.5 trillion in market capitalization [11]. - The construction of AI-capable data centers is projected to require $5.2 trillion in capital expenditures, indicating a substantial economic impact [10]. - Microsoft plans to increase its AI capacity by over 80% this year and double its data center footprint in the next two years [12]. Group 3: Company-Specific Developments - Meta's aggressive spending plans for AI have raised concerns among investors, leading to a significant drop in its stock price following its earnings report [15][16]. - Amazon's AWS reported revenue of $33 billion, a 20.2% increase year-over-year, alleviating concerns about its market position [19][20]. - Nvidia is projected to generate over $300 billion in data center revenue next year, reflecting strong demand in the AI sector [22]. Group 4: Industry Trends and Future Outlook - The ongoing debate about an AI bubble continues, with some analysts expressing concerns about the sustainability of high capital expenditures without immediate returns [30][28]. - Despite concerns, many analysts remain optimistic about the long-term potential of AI investments, viewing them as a catalyst for the next industrial revolution [32].