# Nvidia Stock Surges After $1 Trn Wipe

> Nvidia shares rebounded 3% after wiping $1 trillion from market cap.
- Title: Nvidia Stock Surges After $1 Trn Wipe · mint | Shortify
- Summary: Nvidia shares rebounded 3% after wiping $1 trillion from market cap. Nvidia stock rose 3% to $233.95 after recovering from a $1 trillion market cap drop.
- Keywords: nvidia, stock market, ai infrastructure, share buyback, market capitalisation, semiconductors, ai agents, nasdaq, money, business, Stock, Surges
- Source: mint — https://livemint.com/market/stock-market-news/nvidia-on-fire-again-after-massive-1-trn-wipe-out-recently-what-s-boosting-stock-of-world-s-most-valuable-company-11791027856530.html
- Author: Pranati Deva
- Published: 2026-10-03T12:20:28+00:00
- Read time: 1 min
- Topics: nvidia, stock market, ai infrastructure, share buyback, market capitalisation, semiconductors, ai agents, nasdaq, money, business
## Nvidia Shares Surge
Nvidia shares surged as much as 3% on Friday, briefly touching an intraday record high of $237.88 per share on NASDAQ.
## Market Cap Drop
The chipmaker’s shares erased more than $1 trillion from the world’s most valuable company’s market capitalisation.
## Recent Recovery
The latest rally has taken Nvidia shares about 23% higher from their late-July low.
## Record High Approach
Friday’s move brought shares close to their previous record high from May, though they finished just below that level.
## 52-Week Low
The tech stock soared 45% from its 52-week low of $164.27, hit in May 2026.
## Market Value Milestone
Nvidia’s market value now stands at roughly $5.6 trillion, less than $400 billion from the $6 trillion mark.
## AI Agents Boost
Investors focused on AI agents, which can perform tasks with greater autonomy, driving demand for semiconductors.
## Share Buyback Boost
Nvidia approved a $150 billion increase in share buyback programme, taking total repurchase authorisation to $235 billion through fiscal 2028.
## Key takeaway

Nvidia stock rose 3% to $233.95 after recovering from a $1 trillion market cap drop.