Nvidia closes at a record $238.90, valuing company at about $5.76 trillion

Nvidia shares closed at a record $238.90 on Monday, October 5, rising $4.95, or 2.12%, as the chipmaker helped lead a technology advance that also carried the Nasdaq Composite to an all-time closing high. Reuters put Nvidia’s stock-market value at approximately $5.76 trillion. [1][2]

The distinction between the day’s high and its final price matters: Nvidia traded as high as $240.10 during the regular session, according to S&P Global Market Intelligence data displayed by Stock Analysis. The $238.90 figure is the regular-session close, not an after-hours quote. [2]

A record with market-wide consequences

Nvidia’s gain exceeded the Nasdaq Composite’s 1.05% rise and the S&P 500’s 0.66% advance. Microsoft gained 1.5%, while Meta and Tesla each rose about 2%, Reuters reported. The session reflected renewed appetite for large growth companies rather than an isolated Nvidia move. [1]

For investors holding broad, market-cap-weighted funds, a company of Nvidia’s size matters beyond portfolios that own the stock directly. Its price changes can influence index returns even when many smaller constituents move differently.

The approximately $5.76 trillion figure describes the market value of shareholders’ equity. It is not cash on Nvidia’s balance sheet, annual sales or money raised by the company during Monday’s session. Market-cap estimates can also vary across data providers with their share-count assumptions and observation times.

The operating results behind the valuation

Nvidia’s most recent reported quarter supplies a concrete backdrop. In results released August 26 for the quarter ended July 26, the company reported fiscal second-quarter 2027 revenue of $96.2 billion, up 106% from a year earlier. Data Center revenue reached $89.0 billion, up 117%. [3]

Those are reported results, not figures announced on Monday. They show how heavily the business now depends on demand for large-scale computing infrastructure.

For fiscal Q3 2027, Nvidia guided to revenue of $108 billion, plus or minus 2%, and gross margins of 74%, plus or minus half a percentage point, on both GAAP and non-GAAP bases. It said that outlook assumed no Data Center compute revenue from China. These remain management forecasts. [3]

The next test is therefore more demanding than whether demand for AI exists: Nvidia must convert it into shipments and revenue while protecting profitability. Revenue growth, gross margins and the assumptions surrounding China are distinct measures worth watching.

A larger buyback, with an execution timetable

Another recent development is Nvidia’s September 28 authorization of an additional $150 billion in share repurchases. The company said that increased its remaining authorization to $235 billion, which it expects to execute through fiscal 2028. [4]

That authorization gives management room to return capital over time. It does not establish how many shares Nvidia bought on Monday, and it should not be treated as a verified explanation for that day’s price change.

What Monday establishes—and what comes next

Reuters described the wider rally against a backdrop of lower oil prices, expectations for corporate earnings and reduced expectations of an October Federal Reserve rate increase after Friday’s jobs data. Those were market-wide conditions; they do not isolate a single cause for Nvidia’s advance. [1]

For Nvidia, the verified result is a new closing record and an equity valuation near $5.8 trillion. Whether that valuation proves durable will depend on subsequent business performance and what investors are willing to pay for it. A record price captures confidence at one moment; it does not remove execution, competitive or policy risk.

Sources: [1] Reuters, October 5 final market report, 20:26 UTC: https://malaysia.news.yahoo.com/wall-st-futures-dip-tech-104659511.html [2] S&P Global Market Intelligence data via Stock Analysis, October 5 regular-session history: https://stockanalysis.com/stocks/nvda/history/ [3] NVIDIA fiscal Q2 2027 results, August 26: https://nvidianews.nvidia.com/news/nvidia-announces-financial-results-for-second-quarter-fiscal-2027/ [4] NVIDIA September 28 buyback announcement: https://investor.nvidia.com/news/press-release-details/2026/NVIDIA-Announces-a-150-Billion-Share-Repurchase-Authorization-Increase/default.aspx