From Nasdaq: 2025-06-05 06:15:00

Nvidia is predicted to beat Apple and Microsoft to the $5 trillion valuation milestone, thanks to its rapid growth driven by AI technology. The loss of its China business impacted revenue, but projections show accelerating growth rates. Despite setbacks, Wall Street projects Nvidia to reach $5 trillion valuation, making it a strong investment opportunity. 1. The stock market hit record highs today, with the S&P 500 and Nasdaq both reaching all-time highs. The S&P 500 closed at 4,588.32, while the Nasdaq closed at 15,275.06. This surge in the market was driven by strong earnings reports from tech companies like Apple and Microsoft.

2. In other news, inflation rose by 0.9% in October, the largest monthly increase in more than three decades. The Consumer Price Index now stands at 6.2% higher than it was a year ago. This spike in inflation is being driven by rising energy and food prices.

3. The Federal Reserve announced today that they will begin tapering their bond-buying program in an effort to combat inflation. The Fed plans to reduce its monthly purchases of Treasury bonds and mortgage-backed securities by $15 billion starting in December. This move is aimed at gradually tightening monetary policy.

4. Meanwhile, jobless claims fell to a new pandemic low last week, with 267,000 Americans filing for unemployment benefits. This marks the lowest level of jobless claims since March 2020. The labor market continues to show signs of recovery as businesses hire more workers in response to growing demand.



Read more at Nasdaq: Prediction: This Unstoppable Stock Will Be the World’s First $5 Trillion Company. (Hint: It’s Not Apple.)