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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
10/03/2026

Nvidia Hits $5.7 Trillion Market Cap on Record Buyback, Surpassing Crypto Market

What happened: Nvidia reached a record $5.

Nvidia Hits $5.7 Trillion Market Cap on Record Buyback, Surpassing Crypto Market

What happened: Nvidia reached a record $5.7 trillion market capitalization on October 2, 2026, bolstered by a $150 billion share buyback—the largest in company history. The company’s Q2 FY27 revenue hit $96.2 billion (+106% year-over-year), with $89 billion from its data center division. The rally was fueled by a weak US jobs report, which eased expectations of further Federal Reserve rate hikes.

Why it matters: Nvidia’s valuation now exceeds the entire crypto market by an estimated $2.7 trillion, underlining the dominance of AI infrastructure in global capital markets. The scale of its buyback and revenue growth sets a new benchmark for tech giants and signals continued investor confidence in AI-driven growth, even as crypto markets face renewed volatility and sector-specific layoffs.

Source: Decrypt