Nvidia stock was on track Friday to notch one of its best weeks of the year and recover most of its losses from previous weeks as investors heeded analysts' recommendations and bought the dip.

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.

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.