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's huge stock rally is still exerting an outsized influence over the S&P 500 index , reinforcing concerns that broader markets could be hurt if the chipmaking giant's fortunes turn.

Nvidia jumped after CEO Jensen Huang flagged strong demand for the company's chips, boosting its market value by more than $200 billion and accounting for 44 percent of the S&P 500's surge that day, data from Nomura showed.

The stock's fall snapped a four-day winning streak.

Nvidia's CEO, Jensen Huang, is selling millions of dollars in Nvidia stock he owns. Insiders like Huang follow special SEC rules like 10b5-1 to manage their stock transactions. Despite the selling, Nvidia is in a strong position and poised for continued growth.

U.S. elections are shaping up to be a big deal for both politics and the economy. With Election Day coming soon, both parties are ramping up their campaigns, each with policies that could shake up the market.

Shares of NVIDIA Corp. NVDA rallied 1.92% to $119.14 Thursday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX rising 0.75% to 5,595.76 and the Dow Jones Industrial Average DJIA rising 0.