Nvidia Hits Record High as Market Value Reaches $5.7 Trillion — SkimNews
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- Nvidia shares hit a record $237.88 in Friday morning trading, lifting market value to roughly $5.7 trillion — the largest of any company on Earth — and marking the stock's first record since May.
- Nvidia's board added $150 billion to its buyback authorization on Sept. 28, bringing the total to $235 billion through fiscal 2028 in what the company called the largest increase in history.
- U.S. employers added just 29,000 jobs in September against forecasts near 90,000 and unemployment rose to 4.2%, cooling bets on a Fed rate hike — bad news for workers but a tailwind for stocks since cheaper borrowing helps debt-funded AI data center builders.
- Nvidia reported $96.2 billion in revenue for the quarter ended July 26, up 106% year-over-year, with data centers generating $89 billion; CEO Jensen Huang said in the earnings release that "now, compute is revenue."
- Nvidia has committed up to $100 billion to OpenAI in September 2025 (final stake: $30 billion) and another $10 billion to Anthropic, and disclosed $366 billion in multiyear AI infrastructure commitments on its own books.
- Nvidia stock is up more than 40% from its March 30 low of $165.17, with market cap rising from $1.18 trillion in August 2023 to $5 trillion in October 2025.
Why it matters: Nvidia's customer roster — Amazon, xAI, OpenAI, Anthropic — has committed $366 billion in multiyear AI infrastructure deals, making the chipmaker effectively every other AI company's biggest vendor. Weaker-than-expected jobs data cooled Fed rate-hike bets, easing borrowing costs for debt-funded data centers and amplifying Nvidia's edge against competitors who can't self-fund their buildout.
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