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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 Tops $5.7T Market Cap, Authorizes Record $150B Buyback

What happened: Nvidia shares reached a new record high of $237.

Nvidia Tops $5.7T Market Cap, Authorizes Record $150B Buyback

What happened: Nvidia shares reached a new record high of $237.88, lifting its market capitalization to $5.7 trillion—the largest of any public company. The board approved an additional $150 billion share buyback, bringing total authorization to $235 billion through fiscal 2028. The rally was aided by the same weak jobs data that boosted tech stocks, and Nvidia disclosed $366 billion in multiyear AI infrastructure commitments, with Amazon planning to deploy 1 million Nvidia chips by 2027.

Why it matters: Nvidia's market dominance is being reinforced by both macro tailwinds and massive shareholder returns. The scale of the buyback dwarfs previous records (Apple's $110B in 2024) and supports earnings per share, though it may also mask slowing growth. The company's AI infrastructure pipeline and partnerships with major cloud providers signal continued demand, but the rally's sustainability may hinge on broader tech sector sentiment and Fed policy.

Source: Decrypt