--- title: "ETF Movement | Southern 2x Long NVIDIA rises over 3%, Wedbush expects NVIDIA's Q1 earnings report to be a catalyst for tech stocks' upward movement" type: "News" locale: "en" url: "https://longbridge.com/en/news/286048994.md" description: "The Southern 2x Long NVIDIA has risen over 3%, and as of the time of writing, it is up 2.67%, priced at HKD 184.55, with a trading volume of HKD 3.8042 million. In terms of news, on May 12, the well-known Wall Street investment bank Wedbush stated that the Q1 earnings season for U.S. stocks has sounded the alarm for technology skeptics who have been on the sidelines regarding the artificial intelligence (AI) revolution, and NVIDIA's upcoming earnings report next week is expected to be another catalyst for the upward movement of tech stocks. The team led by renowned analyst Dan Ives at Wedbush pointed out in an investor report released on Monday that recent earnings reports from several tech companies have clearly indicated that enterprise-level AI spending is accelerating rather than slowing down. Wedbush expects the wave of AI infrastructure spending to continue, with tech stocks likely to remain strong through 2026. It is reported that as of last Friday's market close, strong employment data and a trading frenzy around AI computing power themes have jointly propelled the S&P 500 Index and the Nasdaq 100 Index to new historical highs, with the S&P 500 Index rising for six consecutive weeks, and the Philadelphia Semiconductor Index also increasing for six consecutive weeks" datetime: "2026-05-12T06:53:05.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286048994.md) - [en](https://longbridge.com/en/news/286048994.md) - [zh-HK](https://longbridge.com/zh-HK/news/286048994.md) --- # ETF Movement | Southern 2x Long NVIDIA rises over 3%, Wedbush expects NVIDIA's Q1 earnings report to be a catalyst for tech stocks' upward movement According to Zhitong Finance APP, Southern 2x Long NVIDIA (07788) rose over 3%, and as of the time of writing, it is up 2.67%, priced at HKD 184.55, with a transaction volume of HKD 3.8042 million. In terms of news, on May 12, the well-known Wall Street investment bank Wedbush stated that the Q1 earnings season for U.S. stocks has sounded the alarm for technology skeptics who have been on the sidelines regarding the artificial intelligence (AI) revolution, and NVIDIA's upcoming earnings report next week is expected to be another catalyst for the upward movement of tech stocks. The team led by renowned analyst Dan Ives released an investor report on Monday, indicating that recent earnings reports from several tech companies have clearly shown that enterprise-level AI spending is accelerating rather than slowing down. Wedbush expects that the wave of AI infrastructure spending will continue, and tech stocks are likely to remain strong through 2026. It is reported that as of last Friday's close in the U.S. stock market, strong employment data and a trading frenzy surrounding AI computing power have jointly driven the S&P 500 index and the Nasdaq 100 index to new historical highs, with the S&P 500 index rising for six consecutive weeks, and the Philadelphia Semiconductor Index also increasing for six consecutive weeks ### Related Stocks - [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md) - [NVDU.US](https://longbridge.com/en/quote/NVDU.US.md) - [NVDL.US](https://longbridge.com/en/quote/NVDL.US.md) - [07788.HK](https://longbridge.com/en/quote/07788.HK.md) - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) - [.NDX.US](https://longbridge.com/en/quote/.NDX.US.md) - [NVD.DE](https://longbridge.com/en/quote/NVD.DE.md) ## Related News & Research - [Nvidia Director's $200 Million AI Gift Puts USC Back In The Race](https://longbridge.com/en/news/285419613.md) - [Nvidia Rival Cerebras Systems Eyes IPO Price Hike To $150–$160 Per Share As Investor Frenzy Over AI Chipmaker Intensifies: Report](https://longbridge.com/en/news/285899153.md) - [Nextech3D.ai Launches Krafty Labs AI Event Marketplace | NEXCF Stock News](https://longbridge.com/en/news/286090006.md) - [Here's why Nvidia stock popped today](https://longbridge.com/en/news/285417685.md) - [Could Nvidia become the first $10 trillion company?](https://longbridge.com/en/news/285781599.md)