Nvidia shares reached a record high of approximately $237.75 on October 2, 2026, marking a 2.9% daily gain. This performance surpasses the previous record close of $235.74 set on May 14, 2026, and completes a recovery rally of nearly 25% from the lows recorded in late July.
The company's market capitalization has climbed to approximately $5.7 trillion, placing it less than $300 billion away from the $6 trillion milestone. Year-to-date, the stock has risen by about 27%, positioning the firm for a fourth consecutive year of double-digit returns.
The growth follows the board's approval of a $150 billion increase to the share repurchase program, the largest single buyback authorization in corporate history. The total remaining capacity for buybacks now stands at $235 billion, with the program extending through fiscal 2028.
Market sentiment was further bolstered by Morgan Stanley, which reinstated Nvidia as its top semiconductor pick following a meeting with CEO Jensen Huang. Investors continue to show optimism regarding the demand for artificial intelligence infrastructure and data center hardware.
