Nvidia is approaching a $6 trillion market cap, currently valued at approximately $5.7 to $5.78 trillion, just 3.8% below this historic threshold. The stock has climbed nearly 25% from its late July low and hit a record $238.90 on October 5. On September 28, the company announced a record $150 billion increase to its share repurchase authorization, bringing the total to $235 billion. Nvidia reported Q2 revenue of $96.2 billion and guided Q3 revenue to a range of $105.8 billion to $110.1 billion. Options pricing implies roughly a 50% chance of crossing $6 trillion by end of October and a 67% probability by December 18.
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