Nvidia stock gains 1.34 percent near its yearly high

Published on 10/03/2026 at 23:08 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Nvidia stock carries a USD 150 billion buyback expansion announced September 28, 2026. Fiscal Q2 revenue reached USD 96.221 billion, up 106 percent year over year.

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Nvidia stock (ISIN US67066G1040) was last at USD 233.95 on Nasdaq on October 2, 2026, up 1.34 percent from the prior session. The move left the shares 1.65 percent below the 52-week high of USD 237.88, while the market capitalization reached USD 5.7 trillion.

Buyback adds fresh support

As NVIDIA Newsroom reported on September 28, 2026, the board authorized an additional USD 150 billion for share repurchases, lifting the remaining authorization to USD 235 billion. The program is planned to run through fiscal 2028, making capital returns a direct part of the stock narrative.

The market reaction has been substantial but measured. Moneycontrol reported on October 3, 2026, that the rebound had extended a 23 percent advance from the late July low and brought the company within USD 400 billion of a USD 6 trillion valuation.

Quarterly growth remains the test

In fiscal Q2 2027, ended July 26, 2026, NVIDIA reported revenue of USD 96.221 billion, up 106 percent from the prior year and 18 percent from the previous quarter, according to NVIDIA. GAAP diluted earnings per share rose to USD 2.46 from USD 1.08 a year earlier, while GAAP gross margin reached 75.0 percent versus 72.4 percent.

The same release set fiscal Q3 2027 revenue guidance at USD 108.0 billion, plus or minus 2 percent, with expected GAAP gross margin of 74.0 percent. That outlook places the next reported quarter against a high base while preserving a margin level above the year-earlier comparison.

Analyst target stays above price

Finbold reported on October 2, 2026, that Morgan Stanley maintained a 12-month price target of USD 300 and kept Nvidia as its top semiconductor pick. The target is distinct from the market snapshot: Nvidia was last at USD 233.95 on October 2, 2026, while the analyst view was based on a separate 12-month horizon.

Stock remains near yearly high

At USD 233.95, Nvidia was 1.65 percent below its USD 237.88 52-week high and 42.4 percent above its USD 164.27 52-week low on October 2, 2026. Trading volume was 134,470,648 shares, giving the valuation and the daily move considerable market depth.