Nvidia nears $6T as AI rally accelerates

Nvidia (NVDA)’s share price has climbed to new record highs in early October 2026, pushing the company’s market capitalization into the mid-$5 trillion range. On October 2, 2026, its market value was reported at about $5.64 trillion, with the stock closing at $233.95 after reaching an intraday high of $237.88 on a split-adjusted basis.

These milestones place Nvidia (NVDA) within sight of a $6 trillion valuation, underscoring the scale of investor interest in the chipmaker. The gains reflect rapid daily advances in the shares over the October 2–5 period, as coverage repeatedly described the company as closing in on that next valuation threshold.

Options-market analysis cited across several reports indicates that traders are assigning roughly a 50% probability that Nvidia will achieve a $6 trillion market capitalization by the end of October 2026. This pricing suggests that derivatives markets view further substantial upside in the stock as a realistic scenario over a relatively short time frame.

The focus on the $6 trillion mark has turned Nvidia into a key reference point for expectations around high-performance computing and artificial intelligence. The valuation probabilities drawn from options data have become part of how investors gauge market sentiment toward both the company and the broader AI theme.

Nvidia has recently reinforced its capital-return plans by announcing a record $150 billion increase in its share repurchase authorization. With this change, the company plans to take its total buyback program to about $235 billion, a scale highlighted in multiple reports as notable for the equity market.

The enlarged authorization has been cited as one of the elements supporting Nvidia’s share-price performance. The prospect of significant ongoing repurchases adds another demand source for the stock, alongside institutional and retail investors positioning around the company’s role in AI infrastructure.

Coverage links Nvidia’s latest advance to sustained demand for AI infrastructure and stronger-than-expected earnings and supply-chain indicators across the semiconductor and hardware ecosystem. Reports emphasize that data centers and other customers are continuing to invest heavily in computing capacity built around Nvidia’s technology.

These industry trends have reinforced expectations that Nvidia’s recent financial momentum can be maintained, helping to justify its rising valuation in the eyes of investors. Together with the expanded buyback program and supportive options-market signals, the strong AI demand backdrop has been central to Nvidia’s push toward a potential $6 trillion market value.