# Nvidia Shares Hit Record Highs

> Nvidia shares break to record highs amid strong AI demand.
- Title: Nvidia Shares Hit Record Highs · Seekingalpha | Shortify
- Summary: Nvidia shares break to record highs amid strong AI demand. Nvidia stock reached a record high after hitting $6 trillion market cap, driven by AI growth and…
- Keywords: nvda, nvidia, market cap, record high, earnings, hyperscaler, money, business, Shares, Hit, Record, Highs
- Source: Seekingalpha — https://seekingalpha.com/article/4951860-nvdy-nvidia-shares-break-to-record-highs-dont-cede-the-upside-now
- Author: Mike Zaccardi, CFA, CMT
- Published: 2026-10-04T19:14:39+00:00
- Read time: 1 min
- Topics: nvda, nvidia, ai, market cap, record high, earnings, hyperscaler, money, business
## Nvidia Stock Breaks Record
Nvidia Corporation stock scaled to an all-time high for the first time since June 2 following a tumultuous summer.
## Market Cap Approaches $6 Trillion
The stock nearly hit the $6 trillion market cap level on Friday, October 2.
## AI Hyperscalers Drive Growth
Upcoming earnings, AI hyperscaler results, and progress on Nvidia's $500B financing framework are key catalysts to monitor into year-end.
## Investment Strategy Analysis
Mike Zaccardi, CFA, CMT prefers a pure long NVDA position over the YieldMax NVDA Option Income Strategy ETF (NVDY), which he rates as hold.
## Valuation Strength
NVIDIA Corporation offers compelling value with a sub-15x forward P/E and robust long-term EPS growth projections exceeding 20%.
## Key takeaway

Nvidia stock reached a record high after hitting $6 trillion market cap, driven by AI growth and upcoming earnings.