NVIDIA shares closed at $233.95 on October 2 after touching an intraday record of $237.88, extending a 23% rebound from July lows amid renewed AI demand optimism and the company’s record $150 billion share repurchase authorization announced September 28. The move lifted market capitalization to roughly $5.6 trillion and follows fiscal second-quarter revenue of $96.2 billion with robust data-center growth. Traders are pricing continued strength into month-end given high-margin AI infrastructure momentum, analyst upgrades such as Morgan Stanley’s reinstatement as top semiconductor pick, and the shift in bottlenecks toward power and data-center capacity that favor Nvidia’s position. Key near-term catalysts include broader equity sentiment, any incremental AI spending signals, and positioning ahead of the November earnings release.