AI News on October 31th
1. NVIDIA Reaches $5 Trillion Market Cap with Next-Gen AI Chip
#NVIDIA #AIChips #MarketCap #GTC
NVIDIA became the first company to hit a $5 trillion market capitalization following CEO Jensen Huang's unveiling of the Rubin-Vera AI chip at GTC conference, scheduled for Q4 2026 with 3.3x performance improvement over current Blackwell-Grace architecture.
2. AI Chip Supply Completely Sold Out Through 2025
#Samsung #SKHynix #AISupply #Semiconductors
Samsung Electronics and SK Hynix have exhausted their entire supply of next-generation high-bandwidth memory chips for 2025, driven by unprecedented demand from NVIDIA and AI sector, with some customers already pre-ordering conventional memory for 2026.
3. NVIDIA to Invest Up to $10 Billion in AI Startup Poolside
#NVIDIA #VentureCapital #AIStartups #Funding
NVIDIA plans investment up to $10 billion in AI startup Poolside, which has secured over $10 billion in subscription commitments during its latest funding round, valuing the company at $120 billion.
4. US Tech Stocks Decline Amid Meta's AI Spending Plans
#TechStocks #Meta #AISpending #Markets
Major US tech stocks fell as Meta announced plans to significantly increase 2026 capital expenditures for AI and data centers, causing its stock to drop 11.3%, with Microsoft also declining nearly 3% after revealing high quarterly capital expenditure.
5. NVIDIA Forms New AI Chip Supply Partnerships in South Korea
#NVIDIA #Samsung #SKGroup #Hyundai
During CEO Jensen Huang's South Korea visit, NVIDIA announced new AI chip supply agreements with Samsung Electronics, Hyundai Motor Group, and SK Group, with SK Group planning to utilize chips in a new $4.9 billion AI data center project.
6. Amazon and Apple Exceed Earnings Expectations
#Amazon #Apple #Earnings #CloudComputing
Amazon stock surged 11% after hours as Q3 earnings and AWS cloud sales beat forecasts, with CEO Andy Jassy citing strong AI and infrastructure demand, while Apple provided optimistic revenue guidance expecting double-digit iPhone sales growth.
7. Meta's Bond Issuance Attracts Record $125 Billion in Orders
#Meta #Bonds #Financing #AIInvestment
Despite investor concerns over spending plans, Meta's corporate bond issuance received approximately $125 billion in orders, setting record demand for public corporate bond sales, with proceeds expected to support artificial intelligence investments.
8. Microsoft and OpenAI Deepen Strategic Partnership
#Microsoft #OpenAI #Partnership #Azure
Microsoft and OpenAI announced extended partnership with Microsoft's investment valued at $135 billion and OpenAI committing to purchase additional $250 billion in Microsoft Azure services, though OpenAI gains flexibility to work with other computing providers.
9. Microsoft's AI Features Reach 900 Million Monthly Users
#Microsoft #AIAdoption #UserGrowth #Productivity
Microsoft CEO revealed AI-powered features across company products now serve 900 million monthly active users, with plans to increase total AI computing power by over 80% this year to support growing demand.
10. Federal Reserve Chair Compares AI Boom to 1990s Tech Revolution
#FederalReserve #AIEconomy #Powell #TechCycle
Fed Chair Jerome Powell stated artificial intelligence investment represents significant growth source, noting key difference from 1990s tech bubble being companies already generating profits, suggesting more substantiated foundation for current AI investments.