Despite its hefty market cap, Nvidia still trades at a reasonable forward P/E ratio, just 45 times full-year earnings estimates. Wall Street analysts currently anticipate Nvidia's earnings growing by an average of almost 33% annually over the next three to five years. That is plenty of growth to justify owning the stock at these levels.

Jefferies named Broadcom its Top Pick with a $480 price target as custom AI chip demand surges from OpenAI, Google, and Meta.

An AI collaboration boosted the company behind the largest U.S. cloud service on Monday, Nov. 3, 2025, while shares of the two companies involved in a consumer goods deal saw major moves.

Shares of Advanced Micro Devices ( AMD 3.53%) rose 58.3% in October 2025, according to data from S&P Global Market Intelligence. The semiconductor designer had a lot going on last month, divesting a hardware manufacturing operation and winning a big supercomputing contract at Oak Ridge National Laboratory.

Both companies were back at it on Tuesday, announcing deals that once again added billions in value to public companies.

Throughout recent earnings reports, "Magnificent Seven" stocks Amazon, Alphabet ( GOOG ), Microsoft ( MSFT ), and Meta ( META) have signaled that they expect nearly $405 billion in capital expenditures this year — much of which will go toward AI — according to Barron's.

When it comes to artificial intelligence (AI), perhaps no one commands more attention than Sam Altman, the CEO of ChatGPT maker OpenAI. On Nov. 3, OpenAI announced a headline-grabbing $38 billion partnership with e-commerce and cloud titan Amazon ( AMZN 1.81%).

OpenAI is preparing for a $1 trillion IPO that could launch in 2026. The ChatGPT maker plans to raise at least $60 billion after completing restructuring.

AMD CEO Lisa Su said on the company's earnings call that she's "very excited" about its partnership to deploy six gigawatts of its systems with OpenAI through the end of the decade. The two companies