I'm talking about Nvidia  (NVDA) , of course, and the question is: Can it help power the S&P 500 to another record high?The answer is yes. In premarket trading shares of the AI-chip giant are trading up nearly 1%.

Nvidia CEO Jensen Huang has sold 225,000 shares of company stock worth around $36.4 million. According to the recent filings with the US Securities and Exchange Commission (SEC), the transactions were executed between July 8 and July 10.