NVIDIA shares opened October 2, 2026, near $236 after closing at $230.86 the prior session and quickly advanced to fresh all-time highs above $237 on heavy volume. The primary catalyst remains the board’s authorization of an additional $150 billion in share repurchases—the largest single increase in corporate history—combined with Morgan Stanley’s reinstatement of the stock as its top semiconductor pick following meetings with management. Sustained hyperscaler AI infrastructure spending, Blackwell momentum, and early Vera Rubin shipments continue to support revenue visibility, with fiscal Q3 guidance of roughly $108 billion already in place ahead of the November 18 earnings release. Traders are pricing in these near-term positives while monitoring broader risk appetite and any intraday profit-taking that could influence the final settlement level.