Stock Movers Nvidia Hits $5 Trillion, Fiserv Plunges, Verizon Rises Sespite Drop in Customers
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Oct 29, 2025 Nora Melinda, a Bloomberg Television markets correspondent, dives into the thrilling world of tech and telecom stocks. She highlights Nvidia's historic achievement of a $5 trillion market cap, driven by its AI innovations and positive analyst outlook. Meanwhile, Fiserv faces a dramatic plunge, with shares dropping 47% after disappointing earnings. On a brighter note, Verizon reports growth under new CEO Dan Schulman, despite a slight loss in mobile customers, as it expands its broadband services. Insights on market dynamics make this discussion compelling!
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Nvidia Reaches Historic $5T Valuation
- Nvidia surpassed a $5 trillion market cap driven by deals and AI momentum.
- The stock is up about 55% year-to-date as partnerships and product announcements fuel investor enthusiasm.
Geopolitics Amplifies AI Stock Momentum
- Political discussions about Nvidia's Blackwell AI processors with China added to the rally.
- Wall Street reacted positively to potential geopolitical engagement around AI technology.
Verizon Grows Broadband While Wireless Churns
- Verizon reported revenue and profit growth despite losing 7,000 consumer mobile phone customers.
- The company added 306,000 broadband customers and plans partnerships to expand beyond its Fios network.