The strongest obstacle to technological progress is the defense of the position of those who have succeeded in the past. Economic growth is a conflict that requires the destruction of what has been created before. For growth to become sustainable, we need social mechanisms that support innovation. These are the main ideas of the winners of the Nobel Prize in Economics 2025.

Stability is the enemy of growth: lessons from Nobel laureates on the 2025 economy

NVIDIA Corporation

Advanced Micro Devices, Inc.

LVMH Moet Hennessy - Louis Vuitton, Societe Europeenne

BYD Company Limited

LVMH returned to growth, which was a sign of recovering demand for luxury goods. Gold once again became the main safe haven for investors, displacing bitcoin. Walmart agreed with OpenAI to integrate shopping into ChatGPT. Oracle and AMD announced an AI deal challenging Nvidia's leadership, and Microsoft, Nvidia and xAI are investing $40 billion in Aligned data centers. The main events of October 13-17 are in our review.

Highlights of the week: luxury rises, gold overtakes bitcoin, Walmart and OpenAI deal

Meta Platforms, Inc.

Micron Technology, Inc.

PayPal Holdings, Inc.

Meta Platforms is preparing the largest private equity deal in history - nearly $30 billion to deploy a Hyperion data center in Louisiana. New York State approved the construction of a power line for Micron's $100 billion megafactory, which is expected to produce a quarter of all U.S. chips by 2030. These and other topics - in our review of key events by the morning of October 17.

The main thing for the morning: new megaprojects of Meta and Micron and a $300 trillion mistake

Oracle Corporation

CoreWeave, Inc.

The company's new earnings forecasts are based on Oracle's order book, which is now over half a trillion dollars in size

Oracle allayed market fears about low AI profits. Will the rally continue?

The bank estimates that AI adoption could boost company revenues by $8 trillion

Goldman Sachs: the AI boom is still in its infancy, and the beneficiaries may yet change

Taiwan Semiconductor Manufacturing Company Limited

The largest chip maker's quarterly sales were also the highest on record

TSMC reported record profits and beat forecast thanks to demand for AI chips

Vertiv Holdings Co

The bank conceded that even its most optimistic outlook may not be bullish enough

Deutsche Bank bet on an AI stock that soared 1,600% in three years

Samsung Electronics Co., Ltd.

Salesforce, Inc.

Samsung shares reached an all-time high amid growing investor optimism about the semiconductor industry. Salesforce quotes rose after the publication of ambitious revenue targets of over $60 billion by 2030 and the announcement of new AI products. On these and other topics - in our review of key events for the morning of October 16.

Main by morning: Samsung breaks record, Trump softens geopolitics

Morgan Stanley

The bank believes the current wave of AI investment is part of a long-term earnings growth cycle

Morgan Stanley expects $1.1 trillion in AI revenue in 2028. Why isn't it afraid of a bubble?

Microsoft Corporation

World leader in artificial intelligence processors Nvidia, one of the leading AI companies Microsoft and Elon Musk's AI startup xAI were among a group of investors who will spend $40 billion to buy 100% of data center owner Aligned Data Centers. This follows the <a href="https://www.businesswire.com/news/home/20251015016099/en/Macquarie-Asset-Management-to-Lead-Sale-of-Aligned-Data-Centers-at-an-Enterprise-Value-of-%24US40-Billion">announcement</a> of the deal. It involves, among others, the AI Infrastructure Partnership (AIP) consortium, which <a href="https://news.microsoft.com/source/2024/09/17/blackrock-global-infrastructure-partners-microsoft-and-mgx-launch-new-ai-partnership-to-invest-in-data-centers-and-supporting-power-infrastructure/">was formed in</a> September 2024 with participation from Microsoft, BlackRock and UAE-based investment firm MGX. Nvidia and xAI <a href="https://www.reuters.com/technology/artificial-intelligence/nvidia-xai-join-microsoft-blackrock-develop-ai-infrastructure-2025-03-19/">joined</a> it in March 2025.

Nvidia and Microsoft are part of the "largest data center deal ever" at $40 billion

Walmart Inc.

Of the 11 companies with a capitalization of over $1 trillion, only Berkshire Hathaway and Saudi Aramco are not in the technology sector

Walmart could reach $1 trillion capitalization through integration with ChatGPT - Mizuho

An HSBC analyst set one of the highest Wall Street price targets for Nvidia stock

Artificial intelligence (AI)