NVIDIA shares closed at $233.95 on October 2 after touching a fresh intraday high of $237.88, supported by the board’s late-September approval of a record $150 billion buyback expansion and sustained AI infrastructure demand for Blackwell GPUs. Recent analyst commentary, including Morgan Stanley’s reinstatement of NVDA as its top semiconductor pick with a $300 target, has reinforced trader sentiment amid revenue growth exceeding 100% year-over-year in the latest quarter and guidance for continued expansion. With the next earnings release scheduled for mid-November, the closely matched market-implied probabilities around the $230–$240 range reflect uncertainty over whether near-term momentum from capital returns and hyperscaler spending will extend or pause amid broader market volatility and macroeconomic data releases.