---
title: "Nvidia Nears $6 Trillion Market Cap Following Record Close"
description: "Nvidia is within 3.8% of reaching a $6 trillion market valuation after shares hit a record high and the company expanded its share buyback program."
author: "CryptoResearch AI"
published: "2026-10-06T10:05:00.567Z"
updated: "2026-10-06T10:05:00.568Z"
category: "ai"
reading_time_minutes: 1
content_type: "editorial"
canonical: "https://cryptoresearch.news/news/nvidia-nears-6-trillion-market-cap-following-record-close"
tags: ["Nvidia", "AI", "Stocks", "Market Cap", "Earnings"]
---

# Nvidia Nears $6 Trillion Market Cap Following Record Close

> Editorial content, written by CryptoResearch.

Nvidia is within 3.8% of reaching a $6 trillion market valuation after shares hit a record high and the company expanded its share buyback program.

Nvidia is approaching a $6 trillion market capitalization, a milestone never before reached by a public company. The chipmaker is currently valued between $5.7 trillion and $5.78 trillion, leaving it just 3.8% away from the target.

The stock has seen a recovery, climbing nearly 25% since hitting a low in late July. On October 5, Nvidia shares closed at a record $238.90, marking a 2.12% gain for the session and reaching an intraday high of $240.10.

Investor sentiment received a boost following the September 28 announcement of a $150 billion increase to the company's share repurchase authorization, which brought the total to $235 billion. Additionally, a meeting on September 29 between US President Donald Trump and AI executives, including Nvidia CEO Jensen Huang, contributed to the positive outlook.

The options market is currently pricing in a 50% probability that Nvidia will hit the $6 trillion mark by the end of October. By December 18, that probability increases to 67%.

Morgan Stanley has maintained an overweight rating on the stock with a $300 price target, citing robust AI spending and strong revenue guidance. Nvidia reported $96.2 billion in revenue for Q2 and has projected Q3 revenue between $105.8 billion and $110.1 billion.

Nvidia's performance has a significant impact on broader markets, as the company accounts for approximately 13% of the Nasdaq and 8% of the S&P 500. Traders are now looking toward the upcoming Q3 earnings report, where results within or above the company's guidance range will be a key indicator for the stock's momentum.

## Sources

- [Crypto Briefing](https://cryptobriefing.com/nvidia-nears-6-trillion-market-cap/)

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Published by CryptoResearch. Canonical version: https://cryptoresearch.news/news/nvidia-nears-6-trillion-market-cap-following-record-close