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.