Nvidia Stock Hits Record as Key Supplier’s Revenue Booms on AI Demand

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1. 1h ago

   Nvidia Shares Hit All-Time High as AI Demand Drives Supplier Boom

   Nvidia stock reached new record highs, closing in on a market capitalization of $6 trillion amid surging artificial intelligence demand. The chipmaker has gained about 27% to 28% in 2026, supported by robust hardware requirements that also drove a record revenue month for key manufacturing partner Foxconn. Morgan Stanley recently restored Nvidia to its 'Top Pick' status, while DBS noted that current valuations suggest the ongoing artificial intelligence rally is not a bubble. Options traders are closely watching the timeline for the company to cross the $6 trillion milestone, with tech sector gains also lifting shares of firms like AMD.

   Why it matters

   Nvidia sits at the center of the artificial intelligence infrastructure boom, translating heavy enterprise and cloud spending into record financial metrics. The broader semiconductor and hardware supply chain relies heavily on sustained demand for advanced processing units and memory chips. Analysts continue to debate whether the heavy financing and concentrated ecosystem surrounding artificial intelligence investments pose long-term risks or reflect genuine structural growth.

   What is confirmed

   • Nvidia stock reached a new record high and an all-time high amid surging artificial intelligence chip demand.
   • Nvidia's market capitalization is roughly $5.7 trillion, closing in on the $6 trillion milestone.
   • Nvidia has gained about 27% to 28% in 2026.
   • Key manufacturing partner Foxconn posted its strongest month on record.
   • Morgan Stanley regained Nvidia as a Top Pick status.
   • DBS stated that Nvidia's valuations show the artificial intelligence rally is not a bubble.

   Still unconfirmed

   • Nvidia will hit a $10 trillion market capitalization by the end of 2028.

   What to watch next

   • Whether Nvidia crosses the $6 trillion market capitalization milestone
   • Upcoming earnings and financial disclosures from related artificial intelligence hardware and infrastructure suppliers
   Sources used for this update (20)

   1. Investor's Business Daily — Nvidia Stock Regains ‘Top Pick’ Status At Morgan Stanley
   2. www.ibtimes.com.au — 10 Emerging AI Stocks Investors Are Watching in October 2026, From Micron's Memory Boom to SpaceX and Fir....
   3. www.zerohedge.com — Stock Futures Drift As Attention Turns To European Debt Crisis | ZeroHedge
   4. Bloomberg.com — Nvidia’s Valuations Show AI Rally Isn’t a Bubble, DBS Says
   5. Barron's — Nvidia Stock Chases Record High as Key Supplier’s Revenue Booms on AI Demand
   6. www.thehindubusinessline.com — Stock Market Highlights, Oct 5: Sensex rises 472 pts to end at 72,382, Nifty settles at 22,555; ITC, Eter....
   7. CNBC — Nvidia's $6 trillion milestone looms. Here's when options traders see it happening
   8. Yahoo Finance — Nvidia and AMD just hit record highs, but tech stocks still look cheap
   9. Yahoo Finance — Nvidia stock hits all-time high, as market cap closes in on $6 trillion
   10. MarketWatch — The case for Nvidia’s stock to march even higher after clinching its first record high in months
   11. Yahoo Finance — Prediction: Nvidia Will Hit a $10 Trillion Market Cap by the End of 2028
   12. contents.premium.naver.com — 📬 미국 주식 데일리 종목 분석 (2026.10.06)
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