By Julia Shramko
Publication Date: 2026-10-06 11:42:00
Nvidia Corp. is on the verge of becoming the first company with a market capitalization of $6 trillion. This comes as investors once again turn their attention to the AI chipmaker. UNN reports this, citing Bloomberg.
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The shares once again reached a record high after the company provided an optimistic revenue forecast and announced the largest share buyback in its history, taking advantage of a valuation close to multi-year lows. These two pillars — strong growth and a cheap multiple — stand out, especially given high interest rates and sluggish economic data, the publication writes.
“Nvidia is attractive from both a growth and a value perspective, and it appears to be a refuge from any harm that higher rates may inflict on the economy,” said Jim Awad, senior managing director at Clearstead Advisors, which owns Nvidia shares. “All of that makes it such an attractive proposition here and a place people should continue to turn to if they have concerns,” he noted.
The shares have risen 28% this year, driving a $1.2 trillion increase in Nvidia’s market capitalization and bringing it close to $5.8 trillion. The company is also the largest contributor to the S&P 500 Index’s 14% gain in 2026.
The move is particularly impressive given that on March 30 the shares were down 11% for the year, as investors questioned the hundreds of billions of dollars spent on artificial intelligence infrastructure. Since then, sentiment toward AI has changed, and more existential questions…