October 2nd 2026, 5:30 PM
Nvidia soars to $5.7 trillion market cap on record high
Key Summary
The AI chipmaker's stock topped its May peak on Friday, helped by a record $150 billion buyback and a weak jobs report that cooled bets on Fed rate hikes.
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Nvidia Hits Record High as Market Value Reaches $5.7 Trillion
The AI chipmaker's stock topped its May peak on Friday, helped by a record $150 billion buyback and a weak jobs report that cooled bets on Fed rate hikes.Market Reaction
The news sent Nvidia's stock soaring, with shares up over 10% on the day. The company's market value surpassed $5.7 trillion, making it one of the largest in the world.- \1\1\1
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