Closing Bell Overtime: Markets Hit Record Highs as Tech Reshapes and AI Expands 10/28/25

Closing Bell

CNBC

Business, News

4.8 • 118 Ratings

🗓️ 28 October 2025

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Stocks notch fresh record highs as investors weigh Big Tech’s next moves and massive AI investments. Brent Schutte of Northwestern Mutual and Malcolm Ethridge of Capital Area Planning Group break down what’s driving the rally. Mackenzie Sigalos reports on Amazon’s sweeping AI push and major job cuts, while Vivek Arya of Bank of America shares insights from Jensen Huang and Lisa Su on the state of semiconductors and the demand picture. We also hear from Check Point CEO Nadav Zafrir on earnings and Nvidia partnership news. Starbucks’ struggles with Jacob Aiken-Phillips of Melius Research.

Transcript

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0:00.0	Well, that's the under-regulation of Antis investors ringing the closing belt in New York Stock Exchange
0:05.3	by Odessics doing the honors at the NASDAQ and another record day for markets.
0:10.8	The Dow hire thanks to post-earnings gains from Sherwin-Williams and United Health.
0:15.5	The S&P 500 closing within a few points of 6,900 as we settle out here.
0:20.8	It looks like 6890 perhaps. The NASDAQ just shy of up 1%.
0:25.7	The Russell 2000, though, that turned lower and finished down about half a percent. InVIA's in focus, as it holds a conference in Washington today,
0:33.9	teaming up with Palantir to operationalize AI, also working with lows on supply chain
0:38.7	logistics and investing a billion bucks into Nokia, sending that stock soaring.
0:43.3	We're going to hear from NVIDIA CEO Jensen Wong coming up and shares of Amazon moving
0:47.7	higher after that company announcing a major job cuts saying it needs to make the changes to compete
0:53.5	in the generation of AI.
0:55.6	We've got more on this coming up in the show as well.
0:58.7	Plus, a big deal among wireless chipmakers.
1:01.5	SkyWork Solutions is buying Corvo for nearly $10 billion in cash in stock.
1:06.6	The gold trade, that's continuing to wind down for the first time in six days, losing 10% during that slide.
1:15.0	It's now on pace for its worst week since June of 2021.
1:18.8	The gold miners are also falling now having the worst months since 2023.
1:22.6	And Apple and Microsoft crossing the $4 trillion market cap threshold.
1:27.4	Microsoft managing to close above it, Apple closing just slightly below it.
1:31.3	Well, that is the scorecard on Wall Street.
1:34.3	Welcome to closing bell overtime. I'm Morgan Brennan. John Hort is off today.
1:38.3	We've got another big day of earnings. Visa, booking holdings, Mondalese, all expected to report in the next few minutes,
	...

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