NVIDIA Soars to New High Amid AI-Driven Growth
NVIDIA Corp (NVDA) reached a new high on October 2, 2026, after closing up 1.34% to $233.95. This surge represents an increase of nearly $78 billion in market capitalization from the previous trading day.
The company's upcoming product launch is seen as a major contributor to its recent success. NVIDIA announced that its DGX SPARK 64GB system will be available on October 23, with a starting price of $4,999. This AI-capable system is expected to enhance the company's position in the rapidly growing AI infrastructure market.
NVIDIA's GF Value calculation indicates that the stock is undervalued by 41.6%, with an intrinsic value of $400.57 compared to its current price of $233.95. However, there are concerns about potential insider selling, with a total of $967,606,680 in sales over the last three months.