Nvidia hits a record high as market cap nears $6 trillion

On October 3, 2026, Nvidia shares set a record intraday high on Friday, the first such peak since May. The Next Web said the rally was driven by AI agent demand and noted that the company raised its buyback by $150 billion, leaving it less than $300 billion short of becoming the first company worth $6 trillion. The same report pointed out that ASML, Europe's most valuable listed company, needs the same $300 billion to reach a first trillion-dollar valuation.

Wallstreetcn offered a more detailed intraday picture: Nvidia rose as much as about 3% during Friday's session, with its market value briefly topping $5.7 trillion, before the gain narrowed to a 1.34% close that came in just below its record closing price and left it less than $400 billion away from the $6 trillion mark. The two accounts differ on how far the company still has to go, describing the gap as under $300 billion and under $400 billion respectively. Wallstreetcn also said the company announced this week that it expanded its share buyback authorization by $150 billion.

Citing The Information, Wallstreetcn reported that Nvidia and SoftBank had each completed a final $10 billion payment into OpenAI's previous funding round, fulfilling commitments of $30 billion apiece. The same report said the rebound ended a two-month pullback that had erased more than $1 trillion in market value, with the stock up roughly 23% from its late-July low and about 25% year to date; its market capitalization now stands at around $5.6 trillion. After the latest US nonfarm payrolls data, the market lowered its bets on a Federal Reserve rate hike in October, lifting tech stocks broadly. The story currently rests here: a fresh high not seen since May, a market value that briefly passed $5.7 trillion, and the $6 trillion threshold still out of reach.