October 28, 2025, 10:30 AM EDT. U.S. stocks toe the record highs as the Fed opens its two-day policy meeting. At the 9:30 a.m. EDT opening bell, the Dow Jones Industrial Average rose 0.44% to 47,752.35, the S&P 500 gained 0.33% to 6,897.74, and the Nasdaq Composite climbed 0.55% to 23,766.463. Traders weigh the Fed's guidance on potential rate cuts and monetary policy path amid the economy's resilience. The rally comes as investors assess inflation dynamics and central-bank signals. This is a developing story; check back for updates.
October 28, 2025, 10:26 AM EDT. NVIDIA (NVDA) remains at the forefront of the AI hardware wave, with a track record of strong earnings and growth through a swelling client base led by the Magnificent Seven. As AI demand accelerates, the stock has surged, yielding a year-to-date gain near 40% and a market-cap milestone in July-the first publicly traded company to hit $4 trillion. The plan to invest up to $100 billion in OpenAI underscores bullish sentiment, echoed by price-target upgrades from Evercore ($225) and Barclays ($240) after Q2 results beat estimates: EPS$1.05 on $46.74B revenue. With ongoing AI tailwinds and NVIDIA's leadership in GPUs and semiconductors, analysts still foresee meaningful upside into 2025-2030.
October 28, 2025, 9:58 AM EDT. Jim Cramer's top 10 to watch on Tuesday spans AI, cloud, and logistics. Amazon announced 14,000 corporate job cuts and faces Thursday earnings; UBS lifted a price target to $279. Nvidia eyes a potential move with Jensen Huang's GTC keynote as AMD wins a Department of Energy contract; Citi remains cautious on Qualcomm's AI bets. PayPal struck a deal with OpenAI to be the first payments partner on ChatGPT Wallet, with earnings and guidance surpasses. UPS beat estimates and cut 34,000 jobs, lifting shares; Celestica topped numbers and raised guidance; Corning posted modest beats but its stock slipped after a rally. Carrier sees a large data center opportunity but trimmed forecasts. Palantir target raised to $190; UnitedHealth beat and raised forecasts; Wayfair rallied on stronger revenue and earnings.
October 28, 2025, 9:44 AM EDT. Market participants cheered the index highs, but breadth remained weak. The S&P 500 (SPX) closed above 6,800 for the first time, helped by a surge in a small group of AI-related names. Yet NYSE breadth was lackluster: on Friday more decliners than advancers, and Monday showed the opposite sign. Krinsky notes the breadth failed to print a meaningful net advance on consecutive up days, a rarity in the last decade. Leaders like AMD (+62% in a month), Alphabet and Nvidia have driven the move, while the RSP (equal-weight) barely kept pace with the cap-weighted index. The risk is a pullback if the leadership falters; a broader breadth pickup would be needed to sustain the rally.
October 28, 2025, 8:56 AM EDT. Saudi AI newcomer Humain aims for a dual listing on the Saudi exchange and NASDAQ within three to four years, CEO Tareq Amin said at the Future Investment Initiative. The plan underscores the kingdom's push under Vision 2030 and support from the Public Investment Fund (PIF) to turn Saudi Arabia into a global AI hub. Humain sources chips from NVIDIA, AMD, Qualcomm, and Groq for its data centers and multi-agent AI platform, and has launched Humain One, an AI-driven operating system deployed with Saudi government entities and three PIF units. Partnerships with Google, a potential collaboration with Amazon Web Services (AWS), and meetings with OpenAI are noted as it eyes global expansion.
