Nvidia nears $6 trillion market cap as investors return to the AI chipmaker

Nvidia is closing in on a number no public company has ever reached. The AI chipmaker’s market capitalization sits at approximately $5.7 to $5.78 trillion, just 3.8% short of the $6 trillion mark. A few months ago, the mood was different. The stock has climbed nearly 25% from a low in late July. Record highs and a very large buyback On October 5, Nvidia shares closed at a record $238.90. The stock gained 2.12% in that session and touched an intraday peak of $240.10. A gain of roughly 3.8% from current levels would make Nvidia the first company ever valued at $6 trillion. On September 28, the company announced a record $150 billion increase to its share repurchase authorization, bringing the total to $235 billion. On September 29, US President Donald Trump met with key AI executives, including Nvidia CEO Jensen Huang, and the meeting further lifted investor optimism. Nvidia reported Q2 revenue of $96.2 billion and guided Q3 revenue to a range of $105.8 billion to $110.1 billion. What the options market is betting on As of early October, options pricing implies roughly a 50% chance that Nvidia crosses $6 trillion by the end of the month. Options pricing suggests a 67% probability of ...