Nvidia stock gains 1.34 percent as buyback expands
Published on 10/04/2026 at 10:30 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Nvidia stock (ISIN US67066G1040) was trading at USD 233.95 on NASDAQ on October 2, 2026 at 4:00 p.m. ET, up 1.34 percent from the prior session. The company had already authorized an additional USD 150 billion buyback on September 28, 2026, a capital-return move that raises the remaining program to USD 235 billion, according to NVIDIA.
Buyback expands through fiscal 2028
The September 28 authorization is scheduled for execution through fiscal 2028, giving Nvidia a substantial additional channel for returning capital while it continues funding AI infrastructure expansion. The size of the increase is the central corporate catalyst behind the stock's renewed valuation discussion.
Fiscal Q2 delivers triple digit growth
Nvidia's fiscal Q2 2027 revenue reached USD 96.221 billion for the quarter ended July 26, 2026, up 106 percent from the same period a year earlier. Nasdaq reported that non-GAAP earnings rose 120 percent year over year to USD 2.22 per share and that Data Center revenue increased 117 percent to USD 89.02 billion.
The same report put non-GAAP gross margin at 75 percent, 250 basis points above the year-ago quarter. Nvidia's third-quarter fiscal 2027 guidance calls for USD 108 billion in revenue, plus or minus 2 percent, with non-GAAP gross margin of 74 percent plus or minus 50 basis points.
Analysts place targets above the quote
Zacks reported on October 2, 2026, that 47 analysts set an average Nvidia target of USD 328.30. The published range ran from USD 180.00 to USD 515.00, while 47 of 51 brokerage recommendations were Strong Buy and three were Buy.
That consensus remains a forward-looking view rather than a reported company result. The immediate test is whether Nvidia can convert its USD 108 billion fiscal Q3 revenue guide into another period of triple digit growth without giving up its 75 percent gross-margin profile.
Stock stays below yearly high
At USD 233.95, Nvidia stock stood 1.65 percent below its USD 237.88 52-week high and 42.43 percent above its USD 164.27 52-week low on October 2, 2026. Trading volume was 134,470,648 shares, while market capitalization was USD 5.7 trillion.
Nvidia stock facts
- Company: NVIDIA Corporation
- ISIN: US67066G1040
- Ticker: NVDA
- Trading venue: NASDAQ
- Price (as of October 2, 2026, 4:00 p.m. ET): USD 233.95
- Market capitalization: USD 5.7 trillion (as of October 2, 2026)
- 52-week range: USD 164.27-237.88 (as of October 2, 2026)
- Sector / Industry: Technology / Semiconductors
