Nvidia's stock ($NVDA) has been experiencing significant volatility, trading sideways for the past three months and recently declining by 4% in a single day, extending its decline to session lows. The stock is currently flat since its 10-for-1 stock split in early June, while the S&P 500 has risen by 7% over the same period. Market analysts are closely watching Nvidia's performance, with some suggesting potential further declines. The Department of Justice (DOJ) may launch an investigation into Nvidia's round trip financing after completing their probe into Super Micro Computer ($SMCI), which saw a 4% increase. Additionally, there has been notable trading activity, including someone selling 6,000 May $100 puts for $5 million and another buying $1 million worth of call LEAPS with a 200 strike, expiring in 2027.