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Nvidia stock approaches $6 trillion market cap milestone

Yahoo Finance • October 6, 2026 • business

Key Points:

Nvidia's stock is nearing a historic $6 trillion market capitalization, driven by a 28% rise this year and a strong revenue outlook, making it a key contributor to the S&P 500's 14% gain in 2026.
The company authorized an additional $150 billion share-repurchase program, signaling CEO Jensen Huang's confidence in Nvidia's long-term growth and value potential.
Investors are attracted to Nvidia as a growth and value stock that appears resilient to the negative economic impacts of rising interest rates, supported by a shift of capital into large-cap tech and semiconductor stocks.
Nvidia's market surge follows a turnaround in sentiment about AI infrastructure spending, with increased focus on AI's societal implications rather than its commercial viability.
The company has significantly expanded its AI investments, committing over $40 billion in 2026 alone and planning to acquire Hugging Face for $12.9 billion, underscoring its deepening footprint in the AI sector.

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