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 (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,

The Oracle cofounder Larry Ellison said the AI spending race would go on "forever" as the cost of large language models balloons to $100 billion.

Key Takeaways Nvidia stock was on track Friday to close out one of its best weeks all year as it rebounded from a two-week slump that erased more than 20% of the advanced chipmaker's market value.Nvidia stock hit turbulence in recent weeks as Wall Street's AI enthusiasm waned and its quarterly earnings report fell short of lofty expectations.

The chip maker's shares have rallied this week after Oracle's strong earnings and bullish comments from CEO Jensen Huang eased investors' worries about AI demand.

Wedbush analyst Dan Ives called the upcoming Nvidia quarterly results on Wednesday the "most important tech earnings in years."