US Markets Wrap: AI Boom, Human Cost? Markets Rally to Record Highs
Update: 2025-10-29
Description
Stocks surged to new records as the artificial intelligence frenzy showed no signs of cooling. Nvidia led the charge with a 5% jump and fresh announcements at its GTC conference, including a billion-dollar stake in Nokia to accelerate AI ambitions. Microsoft and Apple each crossed the $4 trillion mark, while investors braced for the Fed’s rate decision. But beneath the market euphoria, concerns are mounting over the wave of AI-driven layoffs reshaping the workforce. Josh Gilbert, Market Analyst at eToro discusses how Wall Street’s AI winners are fueling record valuations and what that means for jobs and the broader economy.
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