NVIDIA shares closed at $233.95 on October 2 after touching a fresh all-time intraday high of $237.88, driven by the board’s approval of an additional $150 billion share repurchase authorization—bringing the total remaining program to $235 billion—and Morgan Stanley’s reinstatement of the stock as its top semiconductor pick with a $300 price target. Traders are pricing sustained AI infrastructure demand following the company’s August Q2 results, which delivered $96.2 billion in revenue (106% YoY) and guided $108 billion for Q3, well above prior consensus. With fiscal 2028 revenue growth projected near 70%, the near-term price path hinges on momentum from hyperscaler spending and any short-term rotation in broader tech sentiment ahead of the November 18 earnings release.