Follow UsNvidia Hits Record High as Market Value Reaches $5.7 Trillion
Bullish-7.21%
2 Oct, 17:30
Source: Decrypt
AI Summary
Nvidia shares reached a record high with a $5.7 trillion market cap, driven by a massive $150 billion share buyback program and cooling inflation expectations from a weak jobs report.
The AI chipmaker's stock topped its May peak on Friday, helped by a record $150 billion buyback and a weak jobs report that cooled bets on Fed rate hikes.