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WSJ What’s News

What’s News in Markets: Nvidia Milestone, Mag 7, Chipotle Suffers

WSJ What’s News

The Wall Street Journal

News, Daily News

44K Ratings

🗓️ 1 November 2025

⏱️ 6 minutes

🧾️ Download transcript

Summary

How did Nvidia close out the week after becoming the first $5 trillion company? And how did increased AI spending affect the members of the Magnificent Seven that reported earnings this week? Plus, what’s causing lower demand for fast-casual dining spots like Chipotle? Host Francesca Fontana discusses the biggest stock moves of the week and the news that drove them. Sign up for the WSJ's free Markets A.M. newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

DC politicians want to enact harmful credit card mandates that could take away your cash back and rewards points.

0:08.0

Perks that stretch your budget and make life a little easier.

0:12.1

Losing these benefits means less money for your family's everyday essentials like gas and groceries.

0:18.0

The perks you rely on could disappear, leaving you with higher costs and fewer

0:22.1

options. Tell Congress to guard your card and oppose the Durban Marshall Credit Card mandates.

0:28.4

Paid for by Electronic Payments Coalition.

0:33.4

Hey listeners, it's Saturday, November 1st. I'm Francesca Fontana for the Wall Street Journal,

0:39.3

and this is What's News and Markets, our look at the biggest stock moves of the week and the news that drove them.

0:46.1

Let's get to it. Happy day after Halloween to you all, if that's your thing. Halloween is, in fact, my thing. I love it, and I'm currently speaking

0:57.1

to you dressed as Special Agent Dale Cooper of Twin Peaks fame. This isn't a video podcast,

1:04.0

so I figured I should let you know. In any case, markets were on a run this week, as investors

1:10.5

digested more earnings reports,

1:12.7

and as some big companies notched big new milestones.

1:16.9

The biggest?

1:17.9

Invidia, the AI chip leader, became a $5 trillion company, but more on that in a second.

1:25.1

Yes, looking back at the month, October was of all the one for the stock

1:28.3

market, but it ended on a high note. For the week, all three indexes notched gains, and for the

1:35.2

month of October, the Dow gained 2.5%, the S&P 500 added 2.3%, and the NASDAQ jumped 4.7%.

1:45.2

That means the Dow and the S&P are both up for six straight months, and the NASDAQ is up for seven.

1:57.1

So back to Invidia. Just how big has Nvidia gotten? Yes, we know it's now worth $5 trillion as of Wednesday, but I wanted to give some context and perspective on the scale of its meteoric rise in the AI boom. First of all, let's not forget that it hit its first trillion market value in June of

2:19.6

2023, so not that long ago.

2:22.5

It notched the 2 trillion and 3 trillion milestones last year, and it was just in July of this

...

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