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Nvidia stock reached a record near $240 on October 5, 2026, lifting its market value to about $5.7 trillion after the board approved an additional $150 billion buyback. Options markets put the odds of reaching $6 trillion by the end of October at about 50%, which would need a share price near $249. The rally is supported by Morgan Stanley's top-pick call and record Foxconn revenue, but Nvidia has still lagged the wider chip sector this year.
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