Wall Street faces a week of critical events with AI deal-making and earnings boosting optimism. Nvidia poised to top $5 trillion in market value, along with Microsoft and Apple near $4 trillion. U.S. megacaps exceed entire European STOXX 600 index at $14 trillion. Nvidia shares surge on $500 billion in AI chip orders.

Trump praises Nvidia’s AI chip, Blackwell model, ahead of summit with China’s Xi Jinping. Microsoft, Meta, and Alphabet report earnings updates. Amazon and UPS announce job cuts amid AI growth. ADP National Employment Report estimates U.S. economy added 14,250 jobs in four weeks. Federal Reserve expected to cut interest rates below 4%.

Wall Street index futures rise as megacaps drive market. Bank of Canada expected to cut interest rates. European Central Bank and Bank of Japan likely to keep policy unchanged. Deutsche Bank rose 1% after earnings, while UBS dropped 1% despite profit surge. U.S. Treasury bond volatility collapses, dollar slightly firmer.

Nvidia set to make history with $5 trillion market value. Trump to discuss Nvidia’s AI chip with Xi Jinping. Saudi Arabia shifting sovereign wealth fund focus. Wall Street highs raise concentration risk concerns. China’s robust iron ore imports contrast weak steel output. U.S. firm’s AI chip sales to China key in trade talks.

Read more at Yahoo Finance: 48 hours to test the exuberance