Chipmaker Nvidia (NVDA) is approaching a $6 trillion U.S. market capitalization as its stock rallies to an all-time high.
Shares of Nvidia closed at $233.95 U.S. on Oct. 2 after hitting an all-time intraday high of $237.88 U.S. on a split adjusted basis.
The company’s market capitalization now stands at $5.64 trillion U.S., making it the world’s biggest and most valuable publicly traded company.
Analysts say they expect Nvidia to become the first company in history to achieve a $6 trillion U.S. market capitalization should the stock’s current rally continue in October.
Nvidia’s stock is so large and widely held that it currently accounts for 13% of the weighting in the Nasdaq Composite index, and 8% of the benchmark S&P 500 index.
Options traders in New York are betting that Nvidia will reach a $6 trillion U.S. market cap by the end of October. The company first hit a $5 trillion market capitalization on Oct. 29, 2025.
Nvidia’s stock is breaking out following seven weeks of sideways trading.
The current rally was sparked by the company’s announcement that it is increasing its stock buyback authorization by a record $150 billion U.S.
Nvidia said recently that it plans to take its share repurchase program to $235 billion U.S. as it sees the stock as undervalued at current levels.
Despite reporting several quarters where sales and profits doubled year-over-year, NVDA stock has only risen 24% this year.
Rival chipmakers such as Advanced Micro Devices (AMD) have seen their share prices nearly triple this year amid the artificial intelligence (A.I.) boom.
Nvidia’s stock also currently trades at less than 30 times forward earnings, its lowest level in nearly a decade, and cheap compared to other chip stocks.
