The surge follows a $150 billion increase in share-buyback authorization announced on Monday. This movement marks the first time since May 14 that Nvidia has reached an all-time high, returning the stock to a valuation of approximately 25 times its earnings.
Tuesday, October 20, 2026
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Nvidia's $150B Buyback Fuels Record $5.72 Trillion Market Cap
US Markets18 days ago
Shares of the company climbed up to 2.9% on Friday, buoyed by optimism that AI agents will stimulate greater demand for its hardware. This rally extended a nearly 25% rebound from a trough in late July and pushed the chipmaker's market capitalization past $5.72 trillion during intraday trading.
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