Nvidia shares hit record $237.88 intraday high as Wall Street eyes 39% upside
AI Market Summary
Nvidia shares hit a new intraday high as a weaker jobs report supported expectations for steady Fed policy and Morgan Stanley reinstated NVDA as a top semiconductor pick. An additional $150B buyback authorization reinforces capital return and management confidence. Analyst commentary emphasizes resilient AI infrastructure demand, diversification beyond hyperscalers, and supply chain execution, which can buoy near-term sentiment across semiconductors and AI-linked equities.
Impact level
● Medium
Affected assets
NCSKNVDA2USD/USDT+0.14%
AI Insight · NCSKNVDA2USD/USDTAI Insight
▲ Bullish
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Nvidia shares set a record intraday high of $237.88 on October 2, leaving the stock up about 26% year to date. The company recently authorized an additional $150 billion in share repurchases, supporting investor sentiment. Wall Street remains bullish, with analyst Joseph Moore maintaining a Buy rating and a $300 price target, calling the current valuation attractive.
