Nvidia reportedly hits its first record high since May, reaching roughly $5.7 trillion in market value

A post citing Bloomberg says Nvidia hit its first record high since May, putting its market value at roughly $5.7 trillion. Shares gained 2.9% Friday, extending a nearly 25% rebound from their late-July low. The post says Bloomberg linked the recovery to optimism that AI agents could drive greater chip demand. It also says Nvidia announced a record $150 billion increase in its share-buyback authorization on Monday.