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Nvidia shares hit all-time highs nearing $6 trillion market cap on strong buyback and AI growth.

Market News
06 Oct 2026
Seeking Alpha
View Source
Bullish
Nvidia shares hit all-time highs nearing $6 trillion market cap on strong buyback and AI growth.

Nvidia's stock has reached new all-time highs, approaching a historic $6 trillion market capitalization, driven by a $235 billion buyback program and a record $26 billion capital return in Q2. Institutional investors are increasing their holdings, attracted by Nvidia's strong AI infrastructure position and projected 70–95% earnings growth. Despite a forward earnings multiple of 24–25x, the company's valuation remains attractive due to robust demand and growth prospects in AI technology. This momentum underscores Nvidia's leadership in the AI sector and its commitment to shareholder value.

Nvidia's surge in institutional interest is mirrored on Pluang, where the stock trades at USD 241.76 with a 1.20% gain as of Oct 06, 2026 20:51 WIB. The company's market cap on Pluang stands at $5.77 trillion, close to the historic $6 trillion mark noted in the news. Despite strong buyback and capital return programs, Pluang data shows a balanced order flow with 57% selling and 43% buying, reflecting diverse investor strategies.

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