Nvidia hits record high as rebound pushes market cap toward $6T

Nvidia shares climbed to a record high Friday for the first time since May, extending a sharp rebound that has brought the chipmaker’s market value close to $6 trillion.

The stock gained 2.9% on the day and is now up nearly 25% from its late-July low, according to Bloomberg. The recovery follows a two-month selloff that erased more than $1 trillion from Nvidia’s market capitalization.

Nvidia is now valued at roughly $5.7 trillion, leaving it less than $300 billion away from becoming the first publicly traded company to reach a $6 trillion valuation.

The rebound comes as sentiment around artificial intelligence has improved following weeks of concern over the amount of capital being committed to AI infrastructure and broader questions about the technology’s risks.

Investors have increasingly focused on the potential for AI agents to create another wave of semiconductor demand. Bloomberg pointed to products such as Meta’s Muse as part of the renewed optimism around future compute requirements.

Nvidia shares also received support this week after the company increased its share repurchase authorization by a record $150 billion. The expansion leaves roughly $235 billion available under its buyback program through fiscal 2028.

The company also unveiled a new two-layer AI security system this week aimed at preventing autonomous agents from behaving unexpectedly. Nvidia said the system could have prevented the recent Hugging Face breach involving OpenAI models.

Despite the volatility over the past several months, Nvidia shares are up about 27% in 2026 and are on track for a fourth consecutive year of double-digit gains.