Pretty much everyone on Wall Street is in for a sweet payday. But the threat of job cuts from AI looms, a new report predicts.

Nvidia has especially moved the needle for TSMC's business through its dominance in the data center space. TSMC manufactures both Nvidia's Hopper chip architecture and its successor, Blackwell. It will also manufacture Blackwell's upcoming successor, Rubin.

Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) has been the odd one out in the Magnificent Seven for a while. The stock didn’t make parabolic gains, whereas most other AI stocks were on a rally that was truly deserving of the “Magnificent” title.

Stock valuations — seen by many as flying too close to the sun — took a hit on Tuesday after a chorus of bank execs spoke up to throw their weight behind that view. Chief among them were Morgan Stanley CEO Ted Pick and Goldman Sachs CEO David Solomon.

Michael Intrator said the multitrillion-dollar investments were worthwhile “if you’re building something that accelerates the economy.”

CEOs of Wall Street heavyweights Morgan Stanley and Goldman Sachs on Tuesday cautioned that equity markets could be heading toward a drawdown, underscoring growing concerns over sky-high valuations.

JPMorgan, Citi, and Goldman Sachs are investing heavily in AI technology to transform operations, enhance productivity, and stay competitive.

Investors in the region are looking to Chinese autonomous vehicle firms WeRide and Pony.ai's listing debut in Hong Kong later in the day.

2025 -Wall Street futures gained on Monday, kicking off November on firmer ground, on the back of optimism around AI demand and a U.S.-China trade truce.

Meta stock is up 29% in 2025 amid continued bullishness for AI. Analysts say investors should look out for updates on AI plans and further capex growth.