Jensen Huang’s Fortune Breaks $200 Billion As Nvidia Stock Reaches Record High
- Nvidia shares hit a record high on Friday, gaining 2.9 per cent as the company's market capitalization reached roughly $5.7 trillion, extending a nearly 25 per cent rally from late July lows.
- Investors boosted the stock on Monday after Nvidia announced a record $150 billion buyback increase, leaving $235B authorized through fiscal 2028 and surpassing Apple's previous $110B record.
- The Santa Clara, California-based developer also unveiled 'The Open Agent Safety Platform' on Monday to prevent AI agent malfunctions, stating it would have blocked the recent Hugging Face breach by OpenAI models.
- Morgan Stanley's Joseph Moore restored Nvidia as his top semiconductor pick, citing 'a very undemanding valuation,' while the company holds $99bn in customer shares including Intel, SpaceX, and OpenAI.
- Nvidia remains under $300B short of becoming the first company worth $6 trillion, while Europe's most valuable listed company, ASML, requires the same $300B to reach its first trillion.
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Nvidia on fire again after massive $1 trn wipe out recently - what’s boosting stock of world’s most valuable company
The chipmaker’s shares surged as much as 3% on Friday, briefly touching an intraday record high of $237.88 per share on NASDAQ, before paring gains and ending 1.3% higher at $233.95.
Nvidia's shares reached a new historic peak in the first hour
Nvidia hits its first record since May, within $300B of $6T
Nvidia hit a record for the first time since May, leaving it under $300B short of becoming the first company worth $6T, on a rally driven by AI agent demand and a record $150B buyback increase. ASML, Europe’s most valuable listed company, needs the same $300B to reach its first trillion. Nvidia hit a record […] This story continues at The Next Web
Nvidia shares hit a new all-time high on Friday, their first since May. The stock has gained nearly 25 percent since its low in late July, bringing the chipmaker's market value to nearly $5.7 trillion. That puts Nvidia less than $300 billion away from becoming the first $6 trillion company in history. We'll be covering similar topics at our Portfolio Investment Day conference on October 21. One of the biggest investment events of the year is com…
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