:

NVIDIA HITS RECORD HIGH AS $1T SELLOFF REVERSES

INDUSTRY DESK■ 1 MIN READ
FRI, OCT 2, 2026

■ AI-SUMMARIZED FROM 1 SOURCE ▸ TIMELINE

Nvidia shares reached their highest price since May as investors returned to the stock following a two-month selloff that erased over $1 trillion in market value. The company's valuation now approaches $6 trillion.

Nvidia's stock climbed to record territory, marking the first peak in five months. The semiconductor giant had experienced a significant downturn that reduced its market capitalization by more than $1 trillion during the preceding two-month period. The recovery reflects renewed investor interest in the chipmaker, which has been central to the artificial intelligence boom. Nvidia's valuation sits near the $6 trillion threshold, positioning it among the world's most valuable companies. The stock's rebound follows a period of profit-taking and broader market volatility that affected tech stocks. The reversal suggests investors are regaining confidence in the AI sector and Nvidia's dominant position within it. The company continues to lead the market for AI accelerators and processors, maintaining its competitive edge in a rapidly expanding industry.

■ SOURCES

► Bloomberg Tech

■ SUMMARY WRITTEN BY AI FROM THE LINKS ABOVE

■ MORE FROM THE BUSINESS DESK

Lockheed Martin CEO Jim Taiclet is pushing the defense contractor to adopt the agility and innovation model of its legendary Skunk Works unit. The company unveiled an autonomous stealth drone prototype as part of the broader transformation.

1H AGO— Industry Desk

A new short seller is warning that Roblox's recent stock rally has climbed too high, claiming Wall Street is overestimating the company's ability to recover bookings growth.

1H AGO— Industry Desk

Tesla delivered 486,532 vehicles in the third quarter, exceeding analyst expectations of 463,761. The result marks a beat on estimates but reflects a decline compared to Q3 2025.

1H AGO— Industry Desk

New York's artificial intelligence sector is driving massive investment and office leasing growth, yet offers little benefit to early-career job seekers, a new Partnership for New York City report shows.

1H AGO— AI Desk

■ SUBSCRIBE TO THE DAILY BRIEF

ONE EMAIL, 5 STORIES, 06:00 UTC. UNSUBSCRIBE ANYTIME.