Nvidia reaches new all‑time share price as AI demand and $150 bn buyback boost stock
Nvidia’s shares jumped about 2.9% on October 2, breaking the previous record and trading near $237.80 per share. The rally was sparked by the board’s approval of an additional $150 bn share‑buyback, raising the remaining authorization to $235 bn through fiscal 2028, and by Morgan Stanley reinstating the company as its top semiconductor pick. The move comes amid strong AI‑related demand and a broader market rally.
Why it matters
The record price and expanded buyback signal confidence in Nvidia’s cash generation, which may encourage further buying pressure. Morgan Stanley’s endorsement could attract additional institutional interest, supporting the stock’s upward momentum.
Key facts
- 1Shares rose 2.9% to a record intraday high of $237.75. investing.com
- 2The board authorized an additional $150 bn for share repurchases, leaving $235 bn remaining through fiscal 2028. investing.com
- 3Morgan Stanley reinstated Nvidia as its top semiconductor pick after meetings with executives. investing.com
- 4Shares rose 2.9% on Friday, extending a rally of roughly 25% from a late‑July low. thenextweb.com
- 5Nvidia’s market capitalization is about $5.7 trillion after the record price. thenextweb.com
- 6Analysts tracked by S&P Global have an average price target of $327.70, implying roughly 40% upside from the close. beincrypto.com
Open questions
- Material 1 reports the record price as $237.75 while material 3 gives $237.83.
- Market‑cap figure of $5.7 trillion appears only in material 2.
Summary written by AlphAI from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.