Physix FrontierPhysix Frontier · News Briefing Card (IT Home · Oct 6, 2026)
Nvidia Hits Record High for Third Straight Day, Market Cap $5.76T
KEY FACTS
- Nvidia closed at $238.90 on October 5, up 2.12% for the day.
- Nvidia's closing price set a record high for the third consecutive trading day.
- Based on the closing price, Nvidia's market cap is about $5.76 trillion, the largest in the world.
- Total options volume that day was about 4.0412 million contracts, with calls accounting for 58.84%.
- Some traders infer that Nvidia could challenge a $6 trillion market cap this month.
KEY DATA
$238.90Closing Price
2.12%Daily Gain
$5.76 trillionMarket Cap
4.0412 million contractsTotal Options Volume
PHYSIX OBSERVATION
Nvidia's repeated record highs appear to be underpinned by AI infrastructure demand and buyback plans, but with calls accounting for nearly 60% of options volume, short-term sentiment has turned exuberant. DBS cites a 17x forward P/E to argue this is "not a bubble," but if earnings growth falls short of expectations, the pullback risk from high valuation and high sentiment combined should not be ignored, and the $6 trillion threshold looks more like a sentiment touchstone.
Source: IT Home report