Nvidia shares climbed to a new record high after two months of selling pressure, with the stock rising as much as 2.9% intraday, according to ChainCatcher. Market optimism around AI agents and their potential to drive additional semiconductor demand was cited as a key factor supporting the move.
The stock extended gains after Nvidia announced a $150 billion increase to its share repurchase plan. Year to date, Nvidia shares are up about 27%, while the company’s market capitalization stands at roughly $5.7 trillion. That leaves it less than $300 billion away from the $6 trillion mark.
The report ties the latest rally to expectations that AI-related demand will continue to support chipmakers, with Nvidia remaining at the center of that trade.
Nvidia shares rose to a fresh record high after two months of selling, with the stock up as much as 2.9% intraday, according to ChainCatcher.
Market optimism around AI agents helping drive stronger semiconductor demand supported the move. Nvidia shares climbed further after the company announced a $150 billion increase to its share repurchase plan.
So far this year, the stock has gained about 27%. Nvidia’s market capitalization is about $5.7 trillion, leaving it less than $300 billion short of the $6 trillion level.
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