Nvidia shares rise to record levels for the first time since May, extending a rebound after a two-month selloff that had erased more than $1 trillion in market value. Multiple outlets report gains on Friday, with the stock approaching an unprecedented market-cap milestone near $6 trillion.
The rally follows concerns tied to the outlook for artificial intelligence that pressured the shares in late July and drove declines from recent highs. Bloomberg and other outlets describe a renewed return of investor interest, while NDTV and Quartz note the stock is up roughly one-quarter to nearly 27% for the year. Decrypt adds that a large share repurchase—reported as a record $150 billion buyback—supports sentiment. Decrypt also points to a weaker-than-expected U.S. jobs report, which tempers expectations for Federal Reserve rate hikes, alongside shifting views on the AI landscape.
Overall, the outlets align on the stock’s move to a fresh record and the proximity of market capitalization to about $6 trillion, while differing slightly on emphasis—market value figures, buyback impact, and macro factors.
