Jensen Huang, CEO of Nvidia, attends a press conference after the 2025 Asia-Pacific Economic Cooperation (APEC) CEO Summit in Gyeongju, South Korea, October 31, 2025. <\/p>\n
Kim Soo-hyeon | Reuters<\/p>\n
Traders who shorted the S&P 500<\/a> \u2014 essentially, betting that it would go down \u2014 last month were in for a rude surprise. The broad-based index ended the month 2.3% higher, defying “Octoberphobia<\/a>,” a term that arose because of the market crashes in 1929<\/a> and 1987<\/a> that happened during the month.<\/p>\n The Nasdaq Composite<\/a> had an even better month than the S&P 500. The tech-heavy index climbed 4.7%, giving a hint of what helped ward off the arrival of any ill omens: the technology sector.<\/p>\n On Friday, Amazon<\/a> shares popped 9.6% on robust growth in its cloud-computing unit<\/a> and as CEO Andy Jassy pointed to<\/a> “strong demand in AI and core infrastructure.” The news pushed up other artificial intelligence-related stocks such as Palantir<\/a> and Oracle<\/a> too.<\/p>\n AI’s ascent in the market wasn’t a one-day event. In October, Nvidia<\/a>, the poster child of AI, became the first company to reach a valuation of $5 trillion<\/a>, with CEO Jensen Huang describing the technology as having formed a “virtuous cycle” in which usage growth will lead to an increase in investment, in turn improving AI, which will boost usage, which will\u2026 You get the idea.<\/p>\n Indeed, during their earnings disclosures last week, Big Tech companies announced dizzying increases in their capital expenditure<\/a>, most of which will likely go toward AI infrastructure.<\/p>\n All that is to say that the enthusiasm over AI looks, for now, less like the immediate sugar rush of a candy bar (and the subsequent crash), and more like the sustained energy boost from a fiber-rich pumpkin.<\/p>\n What you need to know todayAnd finally…<\/p>\n Meta CEO Mark Zuckerberg wears the Meta Ray-Ban Display glasses, as he delivers a speech presenting the new line of smart glasses, during the Meta Connect event at the company’s headquarters in Menlo Park, California, U.S., Sept. 17, 2025. <\/p>\n Carlos Barria | Reuters<\/p>\n","protected":false},"excerpt":{"rendered":"Jensen Huang, CEO of Nvidia, attends a press conference after the 2025 Asia-Pacific Economic Cooperation (APEC) CEO Summit…\n","protected":false},"author":3,"featured_media":351792,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[9203,691,3453,16718,738,71411,81,77,69,135,143,147,25608,26768,145,8187,158,67,132,68,7999],"class_list":{"0":"post-351791","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-artificial-intelligence","8":"tag-advanced-micro-devices-inc","9":"tag-ai","10":"tag-amazon-com-inc","11":"tag-andrew-jassy","12":"tag-artificial-intelligence","13":"tag-berkshire-hathaway-inc","14":"tag-business-news","15":"tag-donald-j-trump","16":"tag-donald-trump","17":"tag-markets","18":"tag-nasdaq-composite","19":"tag-nvidia-corp","20":"tag-oracle-corp","21":"tag-palantir-technologies-inc","22":"tag-sp-500-index","23":"tag-stoxx-600","24":"tag-technology","25":"tag-united-states","26":"tag-unitedstates","27":"tag-us","28":"tag-world-markets"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115483807763776459","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/351791","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=351791"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/351791\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/351792"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=351791"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=351791"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=351791"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}