Nvidia closed in on a $6T market value while trading at a cheaper earnings multiple than the S&P 500.

Nvidia has risen 28% this year, and is reaching a threshold no other company has done before.

That rally, 30% so far this year, has added $1.3T in value

The latest lift came from a $150B addition to Nvidia's share repurchases, the largest single buyback authorization in US stock market history.

It overtakes the $110B Apple announced in 2024 and brings Nvidia's total to $235B through fiscal 2028, while most Big Tech peers pour spare cash into AI buildouts.

Buybacks can flatter earnings per share without real growth, yet Nvidia has forecast about 70% revenue growth for fiscal 2028, its first year-ahead revenue forecast, against roughly 44% analysts had modeled.

Jensen Huang has said demand is much greater than 70%, and that supply is what lets Nvidia confidently commit to that figure.
Nvidia also trails its own sector, as the Philadelphia semiconductor index has gained 87% in 2026 while Micron, Marvell and Intel each rose more than 200%.

Ofcourse, thats only natural, as Nvidia is already so big, so that discount reflects doubt that a company this large can keep compounding at this pace.