Nvidia shares hit their first record high since May

Posts on October 2 reported Nvidia’s first record high since May. One put shares up 2.5%; another, citing Bloomberg, reported a 2.9% gain and a nearly 25% rebound from a late-July low. The latter said Bloomberg linked the recovery to optimism that AI agents could drive greater chip demand, and noted Nvidia’s announced $150 billion increase in its share-buyback authorization.