From mint · Pranati Deva · · 1m 20s
Nvidia Stock Surges After $1 Trn Wipe
Nvidia shares rebounded 3% after wiping $1 trillion from market cap.
In brief
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. Originally reported by mint.
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.
The essence
Nvidia stock rose 3% to $233.95 after recovering from a $1 trillion market cap drop.
