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

The record came with a fresh catalyst from Morgan Stanley: analyst Joseph Moore restored NVIDIA as the firm's top semiconductor pick after meetings with CEO Jensen Huang and CFO Colette Kress, keeping an Overweight rating and a $300 price target on the new product cycle and demand from AI labs and agentic AI. The record price still sits below nearly every major Wall Street target, with firms ranging from Morgan Stanley, Goldman Sachs and UBS at $300 to JPMorgan at $320, Wedbush at $345, Bernstein at $400 and Evercore ISI at $465. Across 61 analysts tracked by S&P Global, the average target is now $327.70, implying roughly 40% upside from Friday's close. Goldman Sachs has previously cautioned that expectations are elevated, and the next test arrives with fiscal Q3 earnings in November, when Rubin demand and revenue guidance will matter most.

A follow-up reading of Friday's session put the intraday peak at $237.83, with the surge also lifting the Nasdaq to record levels after the weak U.S. jobs report weakened expectations of a near-term Fed rate hike. Huang framed the enlarged buyback as a display of confidence in the company's long-term growth opportunity, noting the remaining $235 billion authorization runs through fiscal 2028. The record print still leaves room to the Street's most bullish calls: some Wall Street forecasts imply as much as 99% upside from current levels, against the 61-analyst average of $327.70, roughly 40% above Friday's close. Attention now turns to whether heavyweights Microsoft, Amazon and Meta keep funding AI infrastructure at scale, alongside Rubin and Vera launch timing.

Wall Street's target hikes have kept accelerating since the record print, with the analyst consensus now sitting near $320 and at least one major bank putting a 12-month price target as high as $515, a level implying more than 100% upside. The revisions rest on hyperscaler capex: Microsoft, Meta and Google have laid out AI spending plans that beat market expectations, driving heavy advance orders for NVIDIA's next-generation GPU architecture and sharply improving revenue visibility. Firms including Cantor Fitzgerald and Bernstein expect annual revenue growth to stay in triple digits with operating margins above 60%, and judge that the CUDA ecosystem gives NVIDIA a technical moat rivals cannot erode soon. The flagged risks are valuation after the rapid climb, possible tighter U.S. export controls on China-bound chips and supply chain bottlenecks, though most analysts see NVIDIA's market dominance and demand growth outweighing those factors.

(as of 02:05 UTC) 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.