Nvidia's Market Cap Reaches $5T, Huang Addresses AI Bubble; Lasertec Shares Surge
Key Takeaways
- Nvidia's market cap surpassed $5T; CEO Huang dismisses AI bubble concerns amid chip deals.
- Alphabet, Microsoft, Meta increase AI infrastructure spending; investors favor Alphabet's cash flow.
- BCA Research warns AI investment boom may be fragile, monetization could be difficult.
- Wharton report: 72% of U.S. leaders use ROI metrics for generative AI investments.
- OpenAI releases gpt-oss-safeguard, open-weight safety reasoning models under Apache 2.0 license.
Top Stories
Nvidia's market cap hits $5T, Jensen Huang addresses AI bubble concerns.
On October 29, 2025, Nvidia's market capitalization surpassed $5 trillion, closing at $207.04, with CEO Jensen Huang dismissing AI bubble concerns. This rise was influenced by chip supply deals and potential discussions about Blackwell chips between Trump and Xi Jinping.
Lasertec shares jump due to Nvidia's market cap.
On October 30, 2025, Lasertec Corp. shares jumped 21%, fueled by Nvidia Corp.'s $5 trillion market capitalization and expectations of increased AI chip spending. The surge was also influenced by potential discussions of Nvidia's advanced AI chips in US-China trade talks.
Alphabet, Microsoft, and Meta's AI infrastructure spending.
On October 29, 2025, Alphabet, Microsoft, and Meta announced plans to increase capital spending for AI infrastructure. Investors favored Alphabet due to its strong cash flow, despite concerns about AI spending.
BCA Research warns of AI investment bubble.
On October 29, 2025, BCA Research warned that the AI investment boom might be based on fragile assumptions, comparing the AI industry to airlines. The firm noted that monetization could be difficult.
Wharton School report on ROI metrics for generative AI.
On October 29, 2025, a Wharton School report revealed that 72% of U.S. business leaders now utilize ROI metrics to track generative AI investments. Three out of four respondents have seen positive returns, with most leaders expecting increased AI spending.
OpenAI releases gpt-oss-safeguard.
On October 29, 2025, OpenAI released gpt-oss-safeguard, a suite of open-weight safety reasoning models under the Apache 2.0 license. These models allow developers to apply custom policies directly at inference time.
AI in Action
Nvidia CEO gains favor with Trump, AI chip sales.
On October 29, 2025, Nvidia CEO Jensen Huang gained favor with President Trump due to Nvidia's AI technology, leading to diplomatic invitations and investment pledges. Nvidia's AI chips are critical in the AI arms race with China, and Huang advocated for U.S. government support for global chip sales.
Harvey, a legal AI startup, raises $150M.
On October 29, 2025, Harvey, a legal AI startup, raised $150 million in its third funding round at an $8 billion valuation. Legora also raised $150 million in a Series C funding round, valuing the company at $1.8 billion, amid a platform war with Harvey.
Figma acquires Weavy for AI integration.
On October 30, 2025, Figma announced its acquisition of Weavy, rebranding it as Figma Weave to integrate AI-native media generation and editing tools. The acquisition aims to enhance creative expression by combining human craft with AI.
InterDigital acquires Deep Render for video codecs.
On October 30, 2025, InterDigital, Inc. announced the acquisition of Deep Render, an AI startup specializing in video codecs. This move aims to strengthen InterDigital's leadership in video compression and AI talent.
Small businesses using AI agents.
On October 30, 2025, an article detailed how small businesses can build AI agents to automate tasks and achieve ROI within 30 days. The article highlights the increasing use of AI by small businesses and provides a 30-day setup plan.
PwC Japan launches AI Factory.
On October 30, 2025, PwC Japan Group launched the AI Factory, a development organization specializing in rapid prototyping of AI agents. The organization aims to enhance its proposal capabilities for new business models and accelerate the AI agentization of existing professional services.
ServiceNow projects strong revenue growth.
On October 29, 2025, ServiceNow Inc. announced an outlook for strong revenue growth, projecting subscription revenue of about $3.43 billion for the December quarter. The company also stated that AI is helping to reduce costs.
Neudesic launches Azure-native Digital Workforce Management solution.
On October 29, 2025, Neudesic, an IBM Company, launched its Azure-native Digital Workforce Management solution for enterprise-scale AI agents on Microsoft Azure AI Foundry. This solution provides centralized governance, orchestration, and lifecycle management for autonomous AI agents.
Emerging AI Trends
Microsoft's Q1 results, AI infrastructure spending concerns.
On October 29, 2025, Microsoft reported Q1 2026 fiscal year results exceeding expectations, but its stock fell due to concerns about increased AI infrastructure spending. Despite revenue of $77.7 billion, a $34.9 billion investment in capital expenditure raised investor concerns.
Meta's Q3 earnings, AI investment and tax charge.
On October 29, 2025, Meta Platforms reported a $16 billion one-time tax charge in its third-quarter earnings, impacting its profit and share price. The company also announced plans for larger capital expenditures in the upcoming year due to expanding AI compute needs.
Elon Musk's vision for Tesla's AI inference network.
On October 29, 2025, Elon Musk reiterated his vision for Tesla's electric vehicles to function as a distributed AI inference network. Each car would act as a processing node, potentially reducing reliance on data centers and generating revenue.
SK Group Chairman projects strong AI demand.
On October 29, 2025, at the Asia-Pacific Economic Cooperation CEO Summit, SK Group Chairman Chey Tae-won projected strong demand for AI, driven by agentic AI systems. He noted that this transition would require a significant increase in memory capacity.
Banking and fintech trends in 2026.
In 2026, the banking and fintech industries will be reshaped by seven key trends, including the rise of AI agents for automation. Institutions are embracing AI, blockchain, and quantum technologies to thrive.
Ethical AI Concerns
Students use AI for academic dishonesty.
On October 30, 2025, professors at the University of Illinois Urbana-Champaign discovered that students accused of academic dishonesty had used AI to generate identical apologies. This raised concerns about AI-assisted cheating.