Nvidia Nears $6 Trillion Value as 1.3% Gain and Buyback Lift AI Bets
Updated
Updated · CNBC · Oct 5
Nvidia Nears $6 Trillion Value as 1.3% Gain and Buyback Lift AI Bets
3 articles · Updated · CNBC · Oct 5
Summary
Nvidia closed up 1.3% Friday at a record, lifting its market value to just under $5.7 trillion after seven weeks of largely sideways trading.
Options pricing now implies about a 50% chance Nvidia tops $6 trillion by Oct. 30, a 13% chance it happens this week, and roughly 67% odds by Dec. 18.
At the current share count, the stock would need to reach $248 to cross the $6 trillion mark; options also show about a 1-in-16 chance of $7 trillion by Nov. 20.
The rally got added support from Nvidia's recent buyback, which investors viewed as a signal of confidence in long-term AI demand.
Because Nvidia makes up 13% of the Nasdaq-100 and 8% of the S&P 500, its advance helped drive the Nasdaq-100 to another record.