Nvidia stock gained 2.12 percent as buyback reaches USD 235 billion

Published on 10/06/2026 at 14:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Nvidia stock sits 0.5 percent below its USD 240.10 52-week high on October 5, 2026. Fiscal Q2 2027 revenue reached USD 96.221 billion, up 105.9 percent year over year.

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Nvidia stock (ISIN US67066G1040) was last at USD 238.90 on Nasdaq on October 5, 2026 at 4:00 p.m. ET, up 2.12 percent from the prior close and 0.5 percent below its USD 240.10 52-week high. The main company event remains Nvidia's September 28 decision to expand its share repurchase authorization by USD 150 billion.

Buyback reaches USD 235 billion

According to NVIDIA Newsroom on September 28, 2026, the additional authorization lifted the remaining program to USD 235 billion. The company expects to execute the remaining program through fiscal year 2028.

The scale matters because the authorization was described as the largest increase in Nvidia's history. CNBC reported on September 28, 2026, that the program came as Nvidia generated cash during the artificial intelligence infrastructure expansion.

Revenue more than doubles

Nvidia's fiscal second-quarter 2027 revenue was USD 96.221 billion, up 105.9 percent from USD 46.743 billion a year earlier, according to RTTNews in its September 28, 2026 report. Net income reached USD 59.688 billion, compared with USD 26.422 billion in the year-earlier quarter, a 125.9 percent increase.

The earnings profile gives the buyback its financial context: Nvidia paired triple-digit year-over-year revenue growth with net income more than doubling in fiscal Q2 2027. RTTNews also reported adjusted earnings of USD 2.22 per share, up from USD 1.01 per share in the comparable quarter.

Analysts set targets above Nasdaq price

Gekko reported on October 6, 2026, that all 32 covering analysts carried a Buy rating and that the average 12-month price target was USD 327.70. The target stood 37.2 percent above the October 5 price of USD 238.90, with published targets ranging from USD 275 to USD 465.

The same overview listed Exane BNP Paribas at a maintained Buy rating and USD 345 target on October 5, 2026, while Morgan Stanley reiterated a Buy rating and USD 300 target on October 2, 2026. Gekko also identified November 18, 2026 as Nvidia's next earnings date after the market close, putting the next report beyond the current October trading window.

Nvidia stock stays near yearly high

Nvidia's market capitalization was USD 5.8 trillion on October 5, 2026, with volume of 126,384,437 shares. The stock's USD 164.27 to USD 240.10 52-week range places the last price near its upper boundary, leaving the upcoming earnings date and the pace of AI infrastructure spending as the key numerical checkpoints.