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Nvidia Set to Hit $5T Market Cap; US, South Korea Finalize Trade Deal | Bloomberg Brief 10/29/2025

Bloomberg•Wednesday, October 29, 2025 at 11:14:50 AM
PositiveFinancial Markets
Nvidia Set to Hit $5T Market Cap; US, South Korea Finalize Trade Deal | Bloomberg Brief 10/29/2025
Nvidia is on track to reach a remarkable $5 trillion market cap, significantly boosting US equity futures as investors anticipate strong earnings and a key Federal Reserve rate decision. President Trump is also looking to reduce tariffs on Chinese goods, particularly in light of the fentanyl crisis, and plans to discuss Nvidia's innovative Blackwell AI chip with President Xi. Additionally, the US and South Korea have finalized a trade deal during the APEC summit, which could further enhance economic ties and stability in the region.
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