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Jensen Huang’s Fortune Breaks $200 Billion As Nvidia Stock Reaches Record High
- Nvidia shares are climbing, with options markets assigning a 50% probability the company will reach a $6 trillion valuation by the end of this month.
- The rally follows Nvidia's expanded stock repurchase program, where the board authorized an additional $150 billion in repurchases on Sept. 28, bringing the total remaining to $235 billion.
- According to Barchart, traders are showing a bias toward hedging for a rally, with "call skew" data indicating call options trading with higher implied volatility than equivalent puts.
- Ben Emons, managing director at Highline Asset Management, wrote that Nvidia's buyback is a "capital-allocation event" asserting confidence in long-run AI demand, calling it a "bright spot."
- To hit the $6 trillion threshold, Nvidia would need to reach a stock price of $248, based on roughly 24.1 billion shares outstanding as of Aug. 21.
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The decline in oil and rates supports the US indices, while Nvidia is approaching a historical valuation of $6,000 billion. ...
·Brussels, Belgium
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Nvidia is approaching the world's first market capitalization of $6 trillion Nvidia shares rose 28% and lifted the capitalization to nearly $5.8 <p>trillion. The company approved a record $150 billion share buyback.</p>
·Kyiv, Ukraine
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Total News Sources68
Leaning Left4Leaning Right8Center9Last UpdatedBias Distribution43% Center
Bias Distribution
- 43% of the sources are Center
43% Center
L 19%
C 43%
R 38%
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