Nvidia Corp. shares hit a record high above $237 on October 2, 2026, pushing its market capitalization to $5.7 trillion as it nears the $6 trillion milestone. The rally, fueled by Morgan Stanley reinstating Nvidia as a "top pick" and rising demand for AI chips, propelled CEO Jensen Huang's net worth past $200 billion to $204.5 billion. This surge marks a major recovery from a summer selloff that wiped out $1 trillion in market value.
Nvidia stock reaches record high
- ▪Nvidia Corp. stock has risen approximately 26% in 2026, climbing from a price of around $188 in early January 2026
- ▪The Nvidia Corp. stock rally on October 2, 2026, extended a nearly 25% recovery from a late July 2026 low, which followed a two-month selloff that had erased over $1 trillion in market value
- ▪Nvidia Corp. shares reached a record high on October 2, 2026, rising over 2% to trade above $237 per share, marking the stock's first record high since May 2026
Nvidia market capitalization milestones
- ▪Nvidia Corp. was the first company to surpass a market capitalization of $5 trillion, maintaining its position as the world's most valuable publicly traded company despite briefly losing the title to Apple over the summer of 2026
- ▪Nvidia Corp.'s market capitalization reached approximately $5.7 trillion on October 2, 2026, approaching the $6 trillion milestone
Morgan Stanley investment rating
- ▪Morgan Stanley reinstated Nvidia Corp. as its "top pick" investment in the semiconductor sector on October 2, 2026
- ▪Morgan Stanley analyst Joseph Moore wrote that Nvidia Corp. is well-positioned with an undemanding valuation and a broad customer base, following meetings with CEO Jensen Huang and other Nvidia executives
CEO Jensen Huang's wealth and ownership
- ▪Nvidia Corp. CEO Jensen Huang's net worth surpassed $200 billion on October 2, 2026, reaching an estimated $204.5 billion and making him the seventh-richest person in the world
- ▪Nvidia Corp. CEO Jensen Huang cofounded the company in 1993 and owns approximately 4% of Nvidia Corp. stock
Engagements with china
- ▪Nvidia Corp.'s stock previously rallied after the United States approved the sale of Nvidia H200 chips to 10 Chinese technology firms
- ▪Nvidia Corp. CEO Jensen Huang joined President Donald Trump and several other billionaires on a trip to meet Chinese President Xi Jinping
Debatable claims
- ▪Current corporate investment in AI infrastructure is unsustainable
- ▪Nvidia's multi-trillion-dollar valuation is justified by its market dominance
- ▪The multi-billion-dollar fortunes of tech founders do more harm than good
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