Closing Bell Closing Bell Overtime: 10/31/25
Oct 31, 2025
In this discussion, Bob Elliott, a seasoned financial expert and CEO of Unlimited Funds, dives into the intricacies of current market dynamics. He explores how liquidity and Fed policy are influencing investor behavior and stock performances. The conversation highlights the rise of AI-driven gains and questions whether this trend is contributing to asset-price volatility. Elliott also emphasizes the implications of these shifts on market concentration, revealing a compelling perspective on future investment strategies.
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Hyperscalers Showing Early AI Monetization
- Hyperscalers are leading AI monetization with clear cloud revenue gains and deal pipelines.
- Amazon and Alphabet currently convince Wall Street they can turn AI spending into real revenue.
All-Of-The-Above Chip And Model Strategy
- Building proprietary chips, models, and data centers is an "all of the above" strategy among hyperscalers.
- Competitive edge will come from combined stack capabilities and partnerships, not just single components.
CapEx Boom Lifts Chip And Infrastructure Winners
- Surging CapEx from hyperscalers funnels massive demand to chip makers and data-center vendors.
- NVIDIA benefits beyond GPUs because of its software stack and offensive investments upstream.