Nvidia shares rose 0.8% in premarket trading to $230.19, below the record closing price of $235.74 set May 14. The stock has gained 22% in 2026 and 17% in the third quarter, although an earlier report cited a 23% year-to-date increase and a May high of $236.54. Investors are awaiting Nvidia’s quarterly results in mid-to-late November after the company forecast about 70% fiscal 2028 revenue growth at its prior earnings release. A potential November IPO by Anthropic, in which Nvidia committed up to $10 billion, could offer a market signal on demand for AI infrastructure. Nvidia’s board authorized another $150 billion of buybacks on September 28, lifting total repurchase capacity through fiscal 2028 to about $235 billion, or roughly 2.8% of shares outstanding. Analysts maintain a consensus buy rating with an average price target of $324.14, while institutional investors own about 65% of the company. Nvidia’s August 26 results exceeded expectations, with earnings per share of $2.22 and revenue of $96.22 billion, up 106% year over year. The company also pays a quarterly dividend of $0.25 per share.