Nvidia shares hit record $237.88 after company boosts buyback authorization by $150 billion
AI Market Summary
Nvidia shares reached a new all-time high after the company expanded its repurchase authorization by a record $150B, lifting total buybacks to $235B through 2028. The move reinforces shareholder-return support and can tighten float, helping offset investor concerns around "circular financing" and relative performance versus peers. The milestone market cap underscores continued equity-market confidence in AI-linked semiconductor cash flows.
Impact level
● Medium
Affected assets
NCSKNVDA2USD/USDT+0.06%
AI Insight · NCSKNVDA2USD/USDTAI Insight
▲ Bullish
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Nvidia announced it will increase its existing share repurchase authorization by a record $150 billion. Days after the announcement, the stock rose 2% intraday on Oct. 2 and touched a record high of $237.88. The company’s market capitalization reached $5.67 trillion, making it the world’s most valuable publicly traded company.
