Nvidia hits record intraday high as market cap tops $5.7T

Nvidia shares hit a fresh intraday record on Friday, briefly pushing the company's market value above $5.7 trillion, according to a Wallstreetcn report dated October 3, 2026. The stock climbed as much as roughly 3% during the session — its first intraday record since May — before trimming gains to close up 1.34%, slightly below its record closing price. The intraday peak left Nvidia less than $400 billion short of the $6 trillion threshold, and its market capitalization stood at about $5.6 trillion at the time of the report.

Two developments were cited. The Information reported that Nvidia and SoftBank had each completed the final $10 billion payment into OpenAI's previous funding round, fulfilling investment commitments of $30 billion apiece. Nvidia also announced this week that it had expanded its share buyback authorization by $150 billion. Separately, after the latest US nonfarm payrolls release, the market lowered its bets on a Federal Reserve rate hike in October, lifting tech stocks broadly and adding to Nvidia's advance.

The report said the rally has now gained about 23% from its late-July low and has lifted Nvidia's year-to-date gain to roughly 25%. It described the move as ending a two-month pullback that had erased more than $1 trillion in market value, with the recovery supported by an improved outlook for AI demand, the large buyback, and a shift in macro interest-rate expectations.