NVIDIA shares closed at a record $233.95 on October 2 after surging 1.3% intraday to $237.88, extending a 25% rally from July lows amid renewed AI infrastructure spending. The move followed a record $150 billion buyback increase—bringing total authorization to $235 billion—and Morgan Stanley’s reinstatement of the stock as its top semiconductor pick, citing robust Blackwell demand and expanding customer base. Fiscal Q2 revenue reached $96.2 billion, with management guiding $108 billion for Q3, while valuation at roughly 19 times forward earnings appears undemanding relative to growth. With October 5 marking the next trading session and no major catalysts imminent before November earnings, trader sentiment reflects sustained momentum in AI-related equities and corporate capital return.