Nvidia stock hits new all-time high, market cap at $5.7 trillion
Nvidia shares reached a new all-time intraday high of $237.88 on October 2, 2026, pushing the company's market capitalization past $5.7 trillion. This marks the first time the stock has hit a record since May. The surge has pushed CEO Jensen Huang's personal fortune beyond $200 billion. While Morgan Stanley has restored the stock to its Top Pick status with a $300 target, some analysts warn of potential resistance and a possible pullback. The company's quarterly revenue has increased by 41% since its previous May record.
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- ✓ Nvidia stock hit a new all-time high on October 2, 2026.
- ✓ The company's market capitalization has reached $5.7 trillion.
- ✓ Nvidia shares reached an intraday high of $237.88, surpassing a previous high of $235.54.
- ✓ This is the first record high for the stock since May.
What changed
Nvidia shares surpassed their previous high of $235.54 to reach a new record of $237.88.
Live updates
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Nvidia Market Cap Hits $5.7 Trillion as Stock Reaches New All-Time High
Nvidia shares reached a new all-time intraday high of $237.88 on October 2, 2026, pushing the company's market capitalization past $5.7 trillion. This marks the first time the stock has hit a record since May. The surge has pushed CEO Jensen Huang's personal fortune beyond $200 billion. While Morgan Stanley has restored the stock to its Top Pick status with a $300 target, some analysts warn of potential resistance and a possible pullback. The company's quarterly revenue has increased by 41% since its previous May record.
Why it matters
The company's current valuation puts it less than $300 billion away from a $6 trillion milestone. This growth occurs amid a broader AI market expansion, including a planned $2 billion IPO for Anthropic. The stock has gained approximately 27% throughout the current year.
What is confirmed
- Nvidia stock hit a new all-time high on October 2, 2026.
- The company's market capitalization has reached $5.7 trillion.
- Nvidia shares reached an intraday high of $237.88, surpassing a previous high of $235.54.
- This is the first record high for the stock since May.
Still unconfirmed
- Ali Martinez warns of resistance and a possible stock pullback.
What to watch next
- Whether the stock breaks through resistance to reach the $300 target set by Morgan Stanley.
- The outcome of the $2 billion Anthropic IPO and its impact on the AI market.
- Movement toward the $6 trillion market capitalization milestone.
confidence 90%Sources used for this update (11)
- Yahoo Finance — Nvidia stock hits new all-time high, market cap at $5.7 trillion
- Bloomberg.com — Nvidia Hits First Record Since May as Value Nears $6 Trillion
- Forbes — Jensen Huang’s Fortune Breaks $200 Billion As Nvidia Stock Reaches Record High
- Investor's Business Daily — Nvidia Stock Regains ‘Top Pick’ Status At Morgan Stanley
- Barron's — Nvidia Defies Critics—as Its Stock Falls Just Shy of First Record Since May
- www.cheddar.com — Big Business This Week: Will Anthropic’s $2B IPO Fly Or Stink?
- finance.yahoo.com — Nvidia stock hits new all-time high, market cap at $5.7 trillion
- finance.yahoo.com — Nvidia stock hits record high, market cap nears $6 trillion
- www.fool.com — Nvidia Stock Is Back at Its May Record. Its Quarterly Revenue Is 41% Higher. | The Motley Fool
- coinpedia.org — Nvidia Hits $237.88 Record High: Ali Martinez Asks Fakeout or Breakout? - Coinpedia ,Crypto Guide
- lapaasvoice.com — Nvidia Stock Hits All-Time High as Market Cap Tops $5.7 Trillion
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