Nvidia’s Record High Pushes Jensen Huang’s Forbes Net Worth Estimate Above $200 Billion

Nvidia shares set an intraday record of $237.87 on Friday, October 2, 2026. As the stock climbed, Forbes’ real-time estimate of CEO Jensen Huang’s fortune reached $204.5 billion at 12:30 p.m. ET. The estimate reflects the value of his holdings as share prices move; it is not a payout to Huang. 2035

How Nvidia’s record lifted Huang’s estimated fortune

Most of Huang’s wealth is tied to his Nvidia stake, according to Bloomberg’s billionaire profile. That link means a rise in Nvidia shares can quickly change estimates of his net worth. 17

Forbes placed Huang above $200 billion during Friday’s trading. The figure was not universal across trackers: Bloomberg’s profile showed an estimate of $189 billion dated October 1. Because the figures were reported at different times and by different services, they should not be read as simultaneous valuations. 1720

Why Morgan Stanley restored Nvidia as its top semiconductor pick

Morgan Stanley reinstated Nvidia as its top pick in semiconductors after meetings with Huang and CFO Colette Kress. The bank maintained its Overweight rating and $300 price target. 89

Its case focused on Nvidia’s reach beyond major cloud providers to frontier AI labs and other customers, alongside the prospect of generating more revenue from each gigawatt of data-center power deployed. Morgan Stanley also pointed to constraints around power, land, data-center construction and financing as factors that could favor companies positioned to supply AI infrastructure. 258

The bank described Nvidia’s valuation as undemanding, noting that the shares traded at about 15 times its fiscal 2028 earnings estimate. That is Morgan Stanley’s assessment and forecast—not a guarantee of future performance. 6

Revenue growth and the $150 billion buyback authorization

Nvidia reported $215.9 billion in revenue for the fiscal year ended January 25, 2026, an increase of about 65% from the prior year. 1734

In late September, the company added $150 billion to its share-repurchase authorization. Reports put the remaining authorization at $235 billion through fiscal 2028. An authorization sets capacity for future repurchases; it does not mean Nvidia spent the full amount immediately. 11235

The record came amid expectations for continued AI-infrastructure investment, an expanded buyback authorization and Morgan Stanley’s renewed endorsement. Those developments formed part of the day’s market context, but the available reporting does not establish that any single factor caused the share-price record. 23538

How Friday’s milestone compares with earlier records

Friday’s move was not necessarily Huang’s first time above $200 billion. Reports say he crossed that threshold in May and later fell below it before exceeding it again in October. 2532

For Nvidia, October 2 marked its first new share-price record since May. The stock was up roughly 27% in 2026 at the time, according to reporting on the session. 3538