Stock indices hit new records ahead of Fed interest rate and big tech earnings decisions; Nvidia reaches $5 trillion market cap

Nvidia just became the first $5 trillion company to watch these crucial stock price levels

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Nvidia (NVDA) became the first company to ever achieve a market cap of $5 trillion as its shares soared in early trading on Wednesday.

Shares rose 4.5% to $210 recently, after rising 5% yesterday following a keynote speech from CEO Jensen Huang at the Nvidia Developers Conference in Washington, D.C. where he highlighted the company’s latest AI products and announced several deals.

The chipmaker has unveiled a $1 billion investment in Nokia (NOK), as well as a new strategic partnership with the Finnish technology company in a bid to expand its AI infrastructure. Nvidia also announced that it will collaborate with Oracle (ORCL) to build AI supercomputers for the US Department of Energy and collaborate with Palantir Technologies (PLTR) in developing an integrated suite of AI technology.

Nvidia shares have risen more than 50% since the beginning of the year as investors piled into the stock amid strong demand for artificial intelligence chips and optimism about the company’s continued growth prospects. The company’s market capitalization of $5 trillion is much higher than the next most valuable companies in the world – Microsoft (MSFT) and Apple (AAPL) have a market capitalization of about $4 trillion.

Nvidia shares broke out of the rising wedge on Tuesday with the highest trading volume since late May, indicating buying conviction behind the move.

Although chart watchers often associate this pattern as bearish, it can also indicate a bullish continuation rather than a reversal if it forms during a strong uptrend, as is the case on the Nvidia chart.

Read the full technical analysis article here.

–Timothy Smith

Caesars Entertainment attributes the poor results in part to “lower citywide traffic” in Las Vegas

1 hour and 38 minutes ago

Caesars Entertainment (CZR) reported weaker-than-expected third-quarter results before the bell on Wednesday. It attributed this in part to a decline in visitors to its home base in Las Vegas.

Caesars shares sank 8% in premarket trading after the casino operator reported a wider loss and slightly lower revenue than analysts expected.

The company reported a loss of $0.27 per share on revenue of $2.87 billion, essentially flat from last year. Analysts surveyed by Visible Alpha expected a loss of $0.07 per share and revenue of $2.89 billion.

Caesars reported Las Vegas revenue of $952 million, down from last year’s $1.06 billion and below expectations of $1.00 billion, while gambling area adjusted EBITDA of $379 million fell from $472 million and below consensus expectations of $416 million. “Las Vegas adjusted EBITDA decreased during the quarter due to lower citywide visits and weaker table game contract,” Caesars said.

Caesars shares entered Wednesday after losing nearly a third of their value this year.

Fiserv stock declines on weak results; A company to change the menu, bar, leadership team, and board of directors

2 hours and 11 minutes ago

Fiserv (FI) announced several news in addition to its third-quarter results before the bell on Wednesday. Nothing benefits from its distressed stocks.

Fiserv shares sank nearly 30% in premarket trading after the fintech company reported weaker-than-expected results and said it would shake up its menu, ticker, leadership team and board of directors.

The Milwaukee-based company reported adjusted earnings of $2.04 per share on revenue that grew 1% year over year to $5.26 billion. Analysts surveyed by Visible Alpha were expecting $2.63 billion and $5.69 billion, respectively.

Fiserv also lowered its 2025 organic revenue growth to a range of 3.5% to 4% and adjusted EPS to $8.50 to $8.60. Last quarter, it expected organic revenue growth of about 10% and adjusted EPS of $10.15 to $10.30.

“Alongside today’s guidance reset, we launched One Fiserv, a business plan focused on the pillars that have long distinguished the company, including great customer service, value-added technology solutions and pioneering innovation,” said CEO Mike Lyons. “Our current performance is neither where we want it to be nor where our stakeholders expect it to be.”

The company also appointed Paul Todd as its new chief financial officer, effective Friday. Todd previously served as CFO of Global Payments, and will succeed Robert Howe, “who will serve as a senior advisor through the first quarter of 2026 to support a smooth transition.” Fiserv also announced that Gordon Nixon, Celine Dovetail and Gary Shedlin will replace three members of its board of directors on January 1, with Nixon becoming independent chairman.

Finally, Fiserv announced that it intends to move its listing to the Nasdaq from the New York Stock Exchange on November 11, and change its ticker symbol to “FISV” from the current “FI.”

Fiserv shares entered Wednesday down about 38% this year.

Stock futures rise ahead of Fed decision

2 hours and 59 minutes ago

Futures linked to the Dow Jones Industrial Average rose 0.1%.

S&P 500 futures rose 0.2%.

Nasdaq 100 futures rose 0.4%.