To The Moon

As of Wednesday's market close, $Dow Jones(.DJI)$ down by 0.16%, $S&P 500(.SPX)$ gained 0.05%, and $NASDAQ(.IXIC)$ gained 0.45%, showed mixed performance. Data from TradingView shows that 32 companies with a market cap of over $30 billion have reached new highs.

• Federal Reserve Policy: The Fed cut interest rates by 25 basis points but signaled caution, with Chair Jerome Powell stressing that another cut in December is not guaranteed. The mixed message—easing now but uncertain ahead—cooled market optimism that a series of rate cuts would drive stocks higher.

• Corporate Earnings and Tech Sector: Roughly 84% of S&P 500 companies beat earnings expectations, led by strong results from major tech firms. AI and semiconductor stocks, especially Nvidia—which surpassed a $5 trillion market cap—remained the key drivers of market momentum.

• Macroeconomic and External Factors: A prolonged U.S. government shutdown and delayed data releases pushed investors to rely on policy signals. Rising bond yields and lingering inflation fears added pressure, while trade tensions and geopolitical risks, including talks with China and South Korea, stayed in focus.

According to TradingView, on Thursday, there were 32 stocks with market value over $30B that saw prices hit all time high. Below are the TOP 10 stocks with analyst rating of buy and ranked by market value: $NVIDIA(NVDA)$ $Apple(AAPL)$ $Alphabet(GOOG)$ $Broadcom(AVGO)$ $Palantir Technologies Inc.(PLTR)$ $Advanced Micro Devices(AMD)$ $Caterpillar(CAT)$ $Micron Technology(MU)$ $Shopify(SHOP)$ $Lam Research(LRCX)$

The rest of the 22 stocks are: $Amphenol(APH)$ $KLA-Tencor(KLAC)$ $Southern Copper Corp(SCCO)$ $Hca Healthcare Inc(HCA)$ $Parker Hannifin(PH)$ $TE Connectivity(TEL)$ $Quanta(PWR)$ $American Electric Power(AEP)$ $Cencora Inc.(COR)$ $General Motors(GM)$ $Cummins(CMI)$ $Seagate Technology PLC(STX)$ $Monolithic Power(MPWR)$ $Ubiquiti Inc.(UI)$ $Rockwell Automation(ROK)$ $SoFi Technologies Inc.(SOFI)$ $Comfort Systems USA(FIX)$ $EMCOR Group Inc(EME)$ $NRG Energy Inc(NRG)$ $State(STT)$ $Pure Storage(PSTG)$ $Bloom Energy Corp(BE)$

Looking at the specific data analysis:

• 21 companies with EPS dil growth rate over 30%: $Micron Technology(MU)$ $SoFi Technologies Inc.(SOFI)$ $Monolithic Power(MPWR)$ $Broadcom(AVGO)$ $Advanced Micro Devices(AMD)$ $Seagate Technology PLC(STX)$ $Ubiquiti Inc.(UI)$ $Bloom Energy Corp(BE)$ $Shopify(SHOP)$ $Comfort Systems USA(FIX)$ $Palantir Technologies Inc.(PLTR)$ $Amphenol(APH)$ $NVIDIA(NVDA)$ $Cummins(CMI)$ $KLA-Tencor(KLAC)$ $State(STT)$ $Lam Research(LRCX)$ $EMCOR Group Inc(EME)$ $American Electric Power(AEP)$ $Alphabet(GOOG)$ $Southern Copper Corp(SCCO)$

• 5 companies with negative EPS growth: $NRG Energy Inc(NRG)$ $TE Connectivity(TEL)$ $General Motors(GM)$ $Rockwell Automation(ROK)$ $Caterpillar(CAT)$

• No company without EPS dil growth rate provided

The following is a compilation of key drivers behind the record-high stock prices of the top 10 companies, based on publicly available information. This is for discussion purposes only.

1. $NVIDIA(NVDA)$

Core Business & Latest Business Developments: NVIDIA is a leading designer of graphics processing units (GPUs) and related hardware/firmware/software. These GPUs power gaming, professional visualization, data centers, and increasingly AI/ML workloads. Over recent years the emphasis has shifted significantly toward AI-infrastructure: high-performance chips for training and inference of large models, data center acceleration, etc.

Recent Financial Highlights: In Q2 of fiscal 2026 (ended July 27, 2025), NVIDIA reported revenue of US$46.7 billion, up ~6% sequentially and ~56% year-on-year. Data Center revenue was US$41.1 billion, up ~5% sequentially and ~56% YoY. They noted that their “Blackwell” Data Center architecture grew ~17% sequentially. The company is facing export/regulatory constraints (notably China), which are creating some uncertainty in certain markets.

2. $Apple(AAPL)$

Core Business & Latest Business Developments: Apple designs, manufactures, and sells consumer electronics (iPhone, iPad, Mac, Apple Watch, etc.), along with related software, services (App Store, iCloud, Apple Music, etc.), and accessories. The company’s “ecosystem” approach (hardware + software + services) is a key differentiator: devices feed into services and vice versa.

Recent Financial Highlights: Apple recently hit a market capitalization of US$4 trillion, reflecting strong investor confidence in its brand, products, and ecosystem. In the June quarter (Q3 2025) Apple reported revenue ~US$94 billion, up from ~US$89.3 billion estimates, driven by ~13% YoY iPhone growth (US$44.58B) and record services revenue (~US$27.42B). Services business is on track to hit US$100 billion annual revenue for the first time.

3. $Alphabet(GOOG)$

Core Business & Latest Business Developments: Alphabet is the parent company of Google and other ventures. Core businesses include Google Search & other advertising products, YouTube, Google Cloud (infrastructure, platform, AI), hardware (Pixel, etc.), and “Other Bets” (autonomous vehicles, health tech etc.). The advertising business (Search & YouTube) remains the largest revenue source; Google Cloud is a major growth lever.

Recent Financial Highlights: In Q1 2025, Alphabet reported revenue of US$90.2 billion, up ~12% YoY (14% in constant currency). Search & other, YouTube and Google Cloud each delivered double-digit growth. Cloud: strong growth (~32% YoY) in recent quarters; margin expansion noted. Alphabet raised its capital expenditure estimates for 2025 (initially ~$75 billion) as it doubles down on data centers and AI infrastructure.

4. $Broadcom(AVGO)$

Core Business & Latest Business Developments: Broadcom designs, develops and supplies a wide range of semiconductor and infrastructure-software solutions. Its semiconductor business covers chipsets, network switching, connectivity, and other components. Its infrastructure software business (after the acquisition of VMware) gives it exposure to data-center, enterprise, and cloud infrastructure.

Recent Financial Highlights: Broadcom announced a large share repurchase programme: a US$10 billion share-buyback authorization. For its Q2 FY2025 (fiscal second quarter), consolidated revenue grew 20 % year-over-year to ~$15.0 billion. Adjusted EBITDA increased ~35 % to ~$10.0 billion. Free cash flow was a record ~$6.4 billion, up ~44 % year-over-year.

5. $Palantir Technologies Inc.(PLTR)$

Core Business & Latest Business Developments: Palantir builds data-integration and analytics software platforms (e.g., its “Foundry”, “Gotham”, “Apollo” suites) aimed at large organizations, governments, and enterprises, enabling decision-making based on real-time data. Historically strong in defense and government intelligence/agency work, and increasingly expanding into commercial enterprise AI/analytics deployments.

Recent Financial Highlights: Q2 2025 (ended June 30, 2025): Total revenue: ~US $1.004 billion, up ~48% year-over-year. U.S. revenue: ~US $733 million, up ~68% YoY. Palantir U.S. commercial revenue: grew ~93% YoY (to ~US $306 million) and ~20% quarter-over-quarter. Adjusted operating income: US $464 million with ~46% margin (ex-one-time) in Q2.

6. $Advanced Micro Devices(AMD)$

Core Business & Latest Business Developments: AMD is a semiconductor company — a major designer of CPUs (for PCs, servers), GPUs (for gaming, data center), SoCs, and high-performance compute components. Increasing focus on AI infrastructure: AMD is launching new silicon, software, systems (platforms) oriented to AI, rack-scale compute, etc.

Recent Financial Highlights: According to one source, AMD’s revenue increased ~36% in Q1 and ~32% in Q2, and is projected to grow ~22% per annum over next few years. For Q2 FY2025, AMD noted it would report results etc. The exact figures in my captured sources are limited, but press release shows progress in AI & infrastructure.

7. $Caterpillar(CAT)$

Core Business & Latest Business Developments: Caterpillar is a heavy machinery and equipment manufacturer: construction and mining equipment, off-highway diesel and gas engines, industrial gas turbines, diesel-electric locomotives. Beyond manufacturing, the company emphasizes services, parts/support, and increasingly sustainability, autonomy, electrification, and digital solutions in the jobsite/equipment space.

Recent Financial Highlights: For Q2 2025, Caterpillar had sales & revenues of ~$16.6 billion, down ~1% year-over-year. Adjusted EPS ~US$4.72 vs ~US$5.99 in the prior year quarter. In 2024, the company reported ~US$64.8 billion in sales and revenues.

8. $Micron Technology(MU)$

Core Business & Latest Business Developments: Micron is a major semiconductor company focused on memory and storage technologies: DRAM, NAND flash, solid‐state drives, and related systems. It plays a critical role in supplying memory/storage for data centers, PCs, mobile devices, and increasingly for AI infrastructure (where high-bandwidth memory matters).

Recent Financial Highlights: From the Q2 FY2025 report: Revenue ~US$8.05 billion, up from US$5.82 billion in the same period a year earlier (≈38 % YoY). Net income ~US$1.58 billion (≈US$1.41 per diluted share). From Q3 FY2025: Reported EPS (non-GAAP) of US$1.91 (beat).

9. $Shopify(SHOP)$

Core Business & Latest Business Developments: Shopify provides an e-commerce platform enabling merchants—small, medium, and increasingly enterprise—to build, manage and scale online stores, integrate payments, shipping, marketing, etc. Its model combines subscription and merchant-solutions revenue (merchant transaction processing, fulfillment, etc.).

Recent Financial Highlights: Q2 2025: Revenue ~US$2.68 billion (≈31 % growth). Gross merchandise volume (GMV) for the quarter ~US$88 billion (≈31 % growth). On free cash flow: margin ~16 % in Q2, marking eight consecutive quarters with double-digit free cash flow margin. Revenue for latest twelve-months (ending June 30, 2025) ~US$10.01 billion (≈29 % YoY growth).

10. $Lam Research(LRCX)$

Core Business & Latest Business Developments: Lam Research is a leading supplier of equipment and services for the semiconductor industry — particularly deposition, etch and clean systems used in advanced logic, memory and packaging. Its business is closely tied to the capital-equipment spending cycles of chip manufacturers (both logic and memory).

Recent Financial Highlights: Lam reported strong results for the quarter ended June 29, 2025: Revenue US$5,171 million, gross margin ~50.1 % of revenue, operating income ~33.7 % of revenue, net income ~US$1,720 million (≈US$1.35 per diluted share).

Conclusion

The record-high stock prices of these ten companies on October 29th, 2025. Major tech and industrial companies reported strong performance driven by AI, cloud, and digital transformation. NVIDIA and AMD led in AI infrastructure chips with major revenue growth, while Alphabet, Apple, and Palantir saw gains in cloud, services, and AI analytics. Broadcom and Micron benefited from enterprise demand and memory markets, with Broadcom also initiating a $10B buyback. Shopify and Lam Research showed robust growth in e-commerce and semiconductor equipment, respectively. Caterpillar was the only company with a YoY revenue decline, reflecting cyclical headwinds in industrials. Overall, AI and infrastructure demand remain key drivers across sectors.

Call to Action

We invite you to explore these companies further and consider their potential impact on your investment portfolio or business strategy.

Join the conversation and share your insights on these market leaders. What do you think will be the next big trend driving their growth? Let us know in the comments below.

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