NVIDIA (NVDA) Hits Record $237.88 High, Lifting Market Cap to $5.7 Trillion

NVIDIA Prints a Record $237.88 High

NVIDIA (NVDA) shares touched an all-time high of $237.88 in Friday trading, lifting the chipmaker's market cap to roughly $5.7 trillion, the largest valuation of any company on earth. It is the stock's first record since May, and the print beats the peak the shares set that month. The valuation climbed from about $5.51 trillion a day earlier, when the stock traded near $228.38, and by late Friday morning the shares changed hands around $237.20, up roughly 2.75% on the day, with a price-to-earnings ratio near 30. Sell-side coverage reinforced the momentum: Cantor Fitzgerald reiterated its overweight rating with a $350 price target, a level equal to about 13 times its updated 2028 earnings estimate of $26 per share, and 35 analysts raised their estimates for the coming period. NVIDIA reported revenue of about $96.2 billion for its second quarter of fiscal 2027, up 106% year over year, and projected roughly $108 billion for the current quarter. The rally also carries a policy subtext. At Salesforce's Dreamforce conference, CEO Jensen Huang argued that AI safety is “an engineering problem, not a legal problem”, saying market pressure already pushes companies to slow launches they cannot make safe. Firms running reckless experiments, he added, should bear civil and criminal liability and be shut down. He framed recent fears about frontier AI labs as a distraction, and has even suggested that panic over AI is a way for the cybersecurity industry to drum up new business. President Donald Trump has likewise dismissed AI safety concerns as a “trick”. Even Pope Leo XIV, returning from France on Sept. 28, told reporters he was not in “panic mode”, while adding that warnings from AI researchers deserve attention.

$150 Billion Buyback Backs the Record

The move did not arrive in a vacuum. On Sept. 28, NVIDIA's board added $150 billion to the company's repurchase authorization, taking the total to $235 billion through fiscal 2028, an increase the company described as the largest in history. A buyback leaves fewer shares in circulation, so each remaining share represents a larger slice of the business. Friday's U.S. labor market report added fuel: employers added just 29,000 jobs in September against forecasts near 90,000, and unemployment rose to 4.2%, cooling bets that the Federal Reserve will raise interest rates. Higher rates make debt costlier for the companies building AI data centers, and that squeeze bites NVIDIA's competitors harder than NVIDIA itself. The rally rests on fundamentals documented in the company's earnings release filed with the SEC: revenue of $96.2 billion for the quarter ended July 26, up 106% from a year earlier, with data centers contributing $89 billion. “Now, compute is revenue,” CEO Jensen Huang said in the same release, and the filing carries the company's $108 billion projection for the current quarter. Deployments keep stacking up: Supermicro said on Sept. 23 that it had started shipping racks built on NVIDIA's newest Vera Rubin platform, each carrying 72 Rubin GPUs. NVIDIA has also committed $30 billion to OpenAI and $10 billion to Anthropic, and disclosed $366 billion in multiyear AI infrastructure commitments. The stock is up more than 40% from its March 30 low of $165.17, became the first company to cross $5 trillion in October 2025, and sits in the S&P 500, so index funds hold a slice of it. For scale, the chipmaker's roughly $5.7 trillion valuation now exceeds the entire crypto market, which stands just above $3 trillion.

$237.87 Breakout Check

COINOTAG data shows the NVIDIA stock last trading at $234.77, up 0.96% over 24 hours, and our composite scoring rates the $237.87 resistance at 80/100, where the R3 pivot, the Donchian Upper band and a Fibonacci line converge; Friday's record print tested that zone intraday. Nearest support sits at $232.48, scored 63/100 on the Pivot Point and Fibo 0.114, with a stronger $227.53 floor at 77/100 backed by the ATR Lower band, a high-volume node and the Ichimoku Tenkan. The daily RSI reads 66.8 with a bullish MACD signal inside an uptrend, while the stock perpetual carries a 0.0077% funding rate and about $193.7 million in open interest. A daily close above $237.87 confirms the breakout; losing $232.48 would fade it.