Overview
- The stock reached a fresh intraday record on Friday, pushing Nvidia’s market value to about $5.7 trillion after a months‑long recovery from July lows.
- On Sept. 28 the board added $150 billion to its buyback program, raising remaining repurchase capacity to roughly $235 billion through fiscal 2028 and giving the company a large pool of capital to buy shares.
- Nvidia’s August quarter showed roughly $96.2 billion in revenue with Data Center sales near $89 billion, and management has set aggressive growth targets for fiscal 2028 that investors will watch closely.
- Morgan Stanley reinstated Nvidia as its top semiconductor pick after meetings with CEO Jensen Huang and other executives, citing a roughly 15x fiscal‑2028 earnings multiple as a supportive valuation argument.
- The company also unveiled an Open Agent Safety Platform with OpenShell and Sentry and partner integrations including Anthropic, Salesforce and SAP, while analysts flag near‑term tests from hyperscaler spending patterns, competition on custom chips, and debate over chip depreciation timelines.