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Nvidia Stock Rises to Record $5.8T on Buyback, AI Demand

NVIDIA Investor Relations2 min read6 sources

Why is Nvidia stock hitting record highs?

Nvidia (NVDA) stock closed at a record $238.90 on Monday, valuing it near $5.8 trillion, after a $150 billion buyback and a strong sales outlook lifted shares 28% this year.

Key numbers

Market value~$5.8T~4% below $6T
Odds of $6T by Oct 30~50%13% this week
Share price needed~$248–$249about +4% from $238.90
2026 share gain+28%year to date
Last quarter revenue$96.2B+106% YoY
New buyback authorization$150Badded Sept. 28

What happened

Nvidia (NVDA) stock closed at a record $238.90 on Monday, valuing it near $5.8 trillion, after a $150 billion buyback and a strong sales outlook lifted shares 28% this year. That leaves the chipmaker about 4% short of $6 trillion, a level no company has reached, and options traders put the odds of getting there by Oct. 30 at about 50%. Sales rose 106% from a year earlier to $96.2 billion last quarter, and Nvidia expects about $108 billion next quarter. On Tuesday the stock edged up 0.14% to $239.24.

Why it matters

Nvidia's rise shows how heavily investors are betting on demand for artificial intelligence (AI) computing, and its shares are up 28% this year. No company has ever been worth $6 trillion, so reaching it would be a first. The 50% odds come from option prices, which show what traders expect, not what will happen.

Who this affects

Marketbullish
High impact
Stock indexes and AI-focused investors benefit as Nvidia leads gains.
Companybullish
High impact
Nvidia shareholders gain from record highs and a larger buyback.
Competitorsbullish
Medium impact
AMD also hit a new high, lifted by AI demand.
Industrybullish
Medium impact
Chip and data center suppliers see demand outrunning supply.

Nvidia vs Apple, Alphabet, Microsoft

NvidiaNVDA~$5.8T+28%
AppleAAPL~$4.9T—
AlphabetGOOGL~$4.2T—
MicrosoftMSFT~$3.8T—

As of 2026-10-05

How we got here

  1. Nvidia reports $96.2B quarterly revenue, up 106%, and guides next quarter to $108B.

  2. Nvidia adds $150B to its share buyback authorization.

  3. Stock closes at a record $238.90, valuing Nvidia near $5.8T.

  4. Nvidia hits another high as the S&P 500 closes at a record.

What to watch

  • Taiwan Semiconductor earnings, a read on AI chip demand (per).2026-10-15
  • Whether Nvidia reaches about $248 per share, the level needed for $6T.2026-10-30
  • Nvidia's next earnings report (per).2026-11-18

Educational content only. Not investment advice.

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