Nvidia Hits Record High, Market Value Reaches $5.7 Trillion

The record valuation reflects how concentrated AI enthusiasm has become in a single chipmaker, with the buyback amplifying the move rather than organic demand signals. A weak jobs report shifting rate expectations is doing as much work here as any fundamental AI news, which is worth noting for anyone tracking whether this rally is macro-driven or sector-driven. The open question is whether the buyback and rate sentiment can keep carrying the stock, or whether the next leg needs fresh evidence from actual AI infrastructure spending.