EL7.AI
StocksMedium•5 October 2026•
1 min read

Nvidia Hits Record High as Market Capitalization Nears $6 Trillion

Key Facts

1Nvidia shares hit new record highs between $238 and $240, bringing its market valuation to $5.7 trillion.
2The board approved an additional $150 billion in buybacks, bringing the total remaining authorization to approximately $235 billion.
3Morgan Stanley reinstated Nvidia as its top chip pick, citing robust AI demand.

Nvidia shares hit new record highs between $238 and $240, bringing the company's market valuation to $5.7 trillion, according to investinglive.com. The board approved an additional $150 billion in share buybacks, raising the total remaining authorization to approximately $235 billion. Furthermore, Morgan Stanley reinstated Nvidia as its top pick in the semiconductor sector, citing robust and sustained demand for artificial intelligence.

NVDA closed at $238.9 on October 5, 2026, after reaching an intraday high of $240.1. Within the broader sector, TSM closed at $485.8 on the same date, while Morgan Stanley (MS) shares closed at $190.31 on October 2, 2026. These record levels for Nvidia come amid widespread demand for AI infrastructure, even as the stock's performance continues to trail the broader semiconductor sector's gains throughout 2026.

Open on chart