Cryptocurrency traders are divided on whether NVIDIA Corp. (NASDAQ:NVDA) will continue its upward trajectory in October, despite the company reaching new intraday highs. Polymarket, a prediction platform based on Polygon (CRYPTO: POL), currently puts the odds of NVDA breaching a key level at 35%, up 10 percentage points in a week but down slightly in the last 24 hours. The probability of the stock closing above $264 stands at just 16%, while punters assign a 62% chance to a close above $248 and an identical 62% chance to a close below $232. The likelihood of the stock closing below $224 is at 32%.
NVIDIA shares hit a record intraday high of $243.37 on Tuesday, pushing the company close to a $6 trillion market capitalization. The stock has surged nearly 30% in 2026, solidifying its position as a top performer in the AI spending boom. CEO Jensen Huang, who owns an estimated 3.3% of the company, has seen his net worth climb to $207 billion.
Tech investor Dan Ives suggested that Wall Street may be underestimating NVIDIA’s growth potential, citing accelerating enterprise AI adoption and tight supply-demand conditions. In after-hours trading, NVIDIA shares rose 0.40%, closing Tuesday’s regular session at $239.24, up 0.14% from the previous day. Benzinga Edge Stock Rankings indicate that NVDA maintains a strong price trend across short-, medium-, and long-term timeframes.