NVIDIA shares closed at $233.95 on October 2 after touching an intraday record of $237.88, buoyed by Morgan Stanley’s reinstatement as its top semiconductor pick with a $300 target and a broad analyst consensus averaging $324–$327. The stock’s momentum stems from Q2 fiscal 2027 results that beat expectations with $96.2 billion in revenue and management’s ~70% fiscal 2028 growth outlook, alongside a $150 billion buyback expansion that brings total authorization to roughly $235 billion. Traders are also monitoring data-center power and component constraints that favor Nvidia’s full-stack offerings, while the broader market awaits September CPI on October 14 and the late-month FOMC meeting. These factors keep near-term sentiment constructive around current levels ahead of the October 5–9 trading week.