Here's what that could mean: Nvidia announced its latest stock split after the market closed on May 22, 2024. The stock traded at a split-adjusted $95 per share. History says its share price will increase 25.4% to $119 by May 2025. But the stock already trades at $119 per share, leaving zero implied upside (or downside) over the next eight months.

Nvidia showed its powerful hold over Wall Street, and the stock's 8.2 percent rally helped drive the S&P 500 to its biggest intraday upswing in nearly two years. The index reversed a 1.6 percent loss to end the day up 1.

Nvidia's partners are showing that the AI titan has "strong runway" for at least the next year, one analyst says.

Nvidia (NASDAQ:NVDA) is perhaps the most consequential semiconductor maker of our time. The high-performance chip maker has seen its valuation skyrocket in recent years, in large part due to hefty demand for the company's chips which power everything from AI to gaming,