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Here's your morning TNB Tech Minute for Wednesday, October 29th. I'm Zoe Colkin for the Wall Street Journal.

Nvidia has officially become the first company to hit $5 trillion in market value. This is the

latest milestone in an unprecedented surge that reflects the growing influence of AI on markets

and the economy. The stock's been boosted by excitement from AI's potential in the recent flurry of

deals in partnerships with some of the biggest companies in AI and corporate America, from OpenAI

and Oracle to Nokia and Eli Lilly. NVIDIA's value also exceeds entire sectors of the S&P 500,

including utilities, industrials, and consumer staples.

Verizon says consumer revenue climbed just under 3% during the third quarter, but the company

lost lucrative post-paid phone customers in its consumer business.

The telecom giant notched 7,000 wireless retail post-paid phone net losses, and business

revenue felled 2.8% despite 51,000

postpaid phone net additions. Its largest business, wireless service revenue rose just over 2%

year over year to $21 billion. Shares were up about 1% in early trading. Verizon has been

lagging behind its rivals as of late, but said it remains

confident in its full year guidance. And Paramount will lay off roughly 2,000 workers across

...