Nvidia stock gains 1.29 percent as buyback lifts record run

Published on 10/05/2026 at 16:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Nvidia stock was trading at USD 236.97 on October 5, while its fiscal second-quarter revenue reached USD 96.221 billion. The company also expanded its buyback authorization to USD 235 billion.

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Nvidia (ISIN US67066G1040) was trading at USD 236.97 on Nasdaq on October 5, 2026, up 1.29 percent, with the session high at USD 237.85 and the 52-week high at USD 237.88. The move follows a USD 150 billion expansion of the company's share repurchase authorization announced on September 28, 2026, and a fresh record-high close reported for October 2.

Buyback raises the capital return

According to GlobeNewswire, NVIDIA's board authorized an additional USD 150 billion on September 28, lifting the remaining program to USD 235 billion. The company said it expects to execute the remaining authorization through fiscal year 2028.

The size of the authorization gives the buyback a direct role in the Nvidia stock narrative, but it does not replace operating performance as the central test. The latest quarterly figures show why the market continues to assign a premium valuation to the shares.

Revenue reaches USD 96.221 billion

NVIDIA reported fiscal second-quarter revenue of USD 96.221 billion for the period ended July 26, 2026, up 106 percent from USD 46.743 billion a year earlier. GAAP net income reached USD 59.688 billion, while diluted GAAP earnings per share rose to USD 2.46 from USD 1.08.

Data Center revenue contributed USD 89.0 billion, up 117 percent year over year, and GAAP gross margin was 75.0 percent. NVIDIA guided fiscal third-quarter revenue to USD 108.0 billion, with GAAP gross margin expected at 74.0 percent plus or minus 50 basis points.

Analyst targets remain above the quote

According to MarketBeat on October 4, 2026, 55 analysts carried a consensus Buy rating. The average 12-month target was USD 320.71, with targets ranging from USD 210.00 to USD 515.00.

A separate Yahoo Finance report dated October 2, 2026, said Morgan Stanley restored Nvidia as its top semiconductor pick while retaining an Overweight rating and a USD 300 price target. The contrast between the USD 210.00 low target and USD 515.00 high target shows how widely analysts differ on the durability of AI infrastructure spending.

Stock trades near yearly high

Nvidia's USD 236.97 quote on Nasdaq on October 5, 2026, stood USD 0.91 below its USD 237.88 52-week high, a distance of 0.38 percent. Market capitalization was USD 5.7 trillion and trading volume was 27,065,655 shares at the quoted time.