--- title: "Weekly Recap | NVIDIA +3.95%, approves $150b buyback" type: "News" locale: "en" url: "https://longbridge.com/en/news/300850403.md" description: "Nvidia (NVDA) rose 3.95% this week to close at $233.95, outperforming the S&P 500 by about 4.22 percentage points. The week shaped up as a choppy advance. Monday opened higher but slipped to $228.86 by the close; Tuesday dipped to the low of $227.03; Wednesday and Thursday spent time consolidating between $227 and $232. Friday broke higher with volume, touching the week’s high of $237.88 before settling at $233.95. The Friday push delivered the bulk of the weekly gain." datetime: "2026-10-03T07:23:04.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/300850403.md) - [en](https://longbridge.com/en/news/300850403.md) - [zh-HK](https://longbridge.com/zh-HK/news/300850403.md) generator: "portal-rs" --- # Weekly Recap | NVIDIA +3.95%, approves $150b buyback ## The Week Nvidia (NVDA) rose 3.95% this week to close at $233.95, outperforming the S&P 500 by about 4.22 percentage points. The week shaped up as a choppy advance. Monday opened higher but slipped to $228.86 by the close; Tuesday dipped to the low of $227.03; Wednesday and Thursday spent time consolidating between $227 and $232. Friday broke higher with volume, touching the week’s high of $237.88 before settling at $233.95. The Friday push delivered the bulk of the weekly gain. ## Key Events Several company-specific stories fed into Nvidia’s price this week. Before Friday’s session, the Financial Times reported that Amazon was seeking to offload $8 billion of Nvidia chips to investors, yet the stock did not react negatively. On the same day, Morgan Stanley reinstated Nvidia as a top semiconductor pick, citing an undemanding valuation. After hours, the board approved a $150 billion share buyback plan, which accelerated the rally and pushed the stock to a fresh record intraday. Jensen Huang publicly rejected AI safety regulation this week and echoed Elon Musk’s optimism about AI-driven GDP gains. The broader semiconductor complex was strong, with ARM up over 7% and AMD up over 3% in the regular session. ## Analyst Ratings As of this week, 63 institutions cover Nvidia: 48 rate it buy, 10 rate it overweight, 2 rate it hold, 1 rates it sell, and 2 have no opinion. The consensus rating is strong buy, with a consensus target of $327.70, about 40% above the current price. The target range is wide — the high is $515.00 and the low is $180.00 — signalling meaningful disagreement among analysts. Within the semiconductor industry, Nvidia ranks first among 78 comparable companies. ## The Week Ahead Next week brings a set of US macro readings. Monday features the final S&P Global services PMI and the ISM non-manufacturing PMI, with prior readings of 58.7 and 55.4 respectively. Tuesday delivers international trade balance figures: the prior reading was -$88.6 billion and the consensus forecast is -$102 billion. Wednesday brings EIA crude inventory data. These prints will test the market’s rate-path pricing after Friday’s weak jobs report pulled Treasury yields lower. Whether the Nasdaq’s record-breaking momentum holds hinges on the services and trade data. ## In Short The fundamental messages around Nvidia this week leaned positive: a record $150 billion buyback plan, Morgan Stanley’s top-pick reinstatement, and a consensus target 40% above spot all coincide with the stock nearing record highs. But the target range from $180 to $515 reveals wide disagreement. The rally leans on the continuation of easing expectations, while Amazon’s move to offload Nvidia chips hints at data-centre customers exploring alternatives. The key going forward is whether services data supports current rate expectations and how the buyback actually lands. *This article is generated by LongbridgeAI from market data, for information only and not investment advice.* ### Related Stocks - [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md) - [NVDD.US](https://longbridge.com/en/quote/NVDD.US.md) - [NVDL.US](https://longbridge.com/en/quote/NVDL.US.md) - [NVDS.US](https://longbridge.com/en/quote/NVDS.US.md) - [NVDU.US](https://longbridge.com/en/quote/NVDU.US.md) - [NVDW.US](https://longbridge.com/en/quote/NVDW.US.md) - [NVDY.US](https://longbridge.com/en/quote/NVDY.US.md) - [DIPS.US](https://longbridge.com/en/quote/DIPS.US.md) - [NVDX.US](https://longbridge.com/en/quote/NVDX.US.md) - [NVDG.US](https://longbridge.com/en/quote/NVDG.US.md) - [NVDO.US](https://longbridge.com/en/quote/NVDO.US.md) - [NVD.US](https://longbridge.com/en/quote/NVD.US.md) - [NVDQ.US](https://longbridge.com/en/quote/NVDQ.US.md) - [07788.HK](https://longbridge.com/en/quote/07788.HK.md) - [09388.HK](https://longbridge.com/en/quote/09388.HK.md) - [SOXL.US](https://longbridge.com/en/quote/SOXL.US.md) ## Related News & Research - [Nvidia's 'Very Undemanding Valuation' Helps Win Back Top Chip Pick From Leading Analyst](https://longbridge.com/en/news/300801615.md) - [NVIDIA Announced a Record Buyback Increase This Week — Here's What Else Happened](https://longbridge.com/en/news/300795271.md) - [FOCUS-Nvidia's bet that its chips can finance the AI boom gets a Wall Street reality check](https://longbridge.com/en/news/300667583.md) - [BREAKINGVIEWS-Jensen Huang's invisible hand is tied on AI safety](https://longbridge.com/en/news/300329376.md) - [NVIDIA Explores Insurance Shield for Chip-Backed Loans As AI Financing Push Expands](https://longbridge.com/en/news/300421782.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**