Nvidia market cap surpasses $5 trillion
Nvidia Corp.’s market capitalization surpassed $5 trillion on Oct. 29, making it the first technology company in the world to do so. The chipmaker’s shares closed up 2.99% at $207.04. Speaking at the company’s GTC conference the same day, CEO Jensen Huang said Nvidia could achieve a cumulative $500 billion in data center revenue from 2025 to 2026.
OpenAI investment hits Microsoft’s profit
Microsoft Corp. reported revenue of $77.7 billion for the quarter ended Sept. 30, up 18% year-on-year. Net income rose 12% to $27.7 billion, marking a slowdown of 12 percentage points from the previous quarter. The company’s total investment commitment to OpenAI has reached $13 billion, with $11.6 billion funded as of the end of September. The investment reduced Microsoft’s net income for the quarter by $3.1 billion.
Google parent’s revenue tops $100 billion
Alphabet Inc. on Oct. 29 reported third-quarter revenue of $102.3 billion, a 16% year-on-year increase, with double-digit growth in its Google search, YouTube ads, Google subscriptions, platforms and devices and Google Cloud businesses. The company raised its 2025 capital expenditure forecast to between $91 billion and $93 billion and expects a significant increase next year, mainly for data center construction.
Meta’s profit plummets on tax expense
Meta Platforms Inc. on Oct. 29 reported a 26% year-on-year rise in third-quarter revenue to $51.2 billion, but its net income plummeted 83% to $2.7 billion. The company attributed the decline mainly to a one-time tax expense of $15.93 billion resulting from the implementation of a law proposed by Donald Trump.
GlobalFoundries to expand German plant with 1.1 billion euros
GlobalFoundries Inc. on Oct. 28 announced a 1.1 billion euros ($1.3 billion) investment to expand its factory in Dresden, Germany. The project, named “SPRINT,” is expected to raise the facility’s annual capacity to over 1 million wafers by the end of 2028, making it the largest of its kind in Europe.
China’s electronics makers’ output grows 10.9%
In the first three quarters of 2025, China’s major electronics manufacturers saw strong growth, with value-added output rising 10.9% year-on-year, according to the Ministry of Industry and Information Technology. The pace outperformed overall industrial and high-tech manufacturing growth by 4.7 and 1.3 percentage points, respectively. In September alone, value-added output rose 11.3%.
China to limit production of crime, idol dramas
China’s top broadcasting regulator will limit the number of idol dramas, an official said, warning that the industry has become overly “star-centric,” leading to imbalanced investment and poor-quality content. Feng Shengyong, head of the National Radio and Television Administration’s drama department, said on Oct. 29 that the agency will also curb the number of crime dramas in response to industry concerns over their “excessive volume and overly explicit content.”
