--- title: "ETF Movement | Southern 2X Long NVIDIA surged over 3% intraday, NVIDIA's stock price rose for 5 consecutive days, reaching a two-month high" type: "News" locale: "en" url: "https://longbridge.com/en/news/295065290.md" description: "Southern 2X Long NVIDIA rose over 3% during the session, and as of the time of writing, it is up 2.3%, priced at HKD 173.65, with a trading volume of HKD 2.162 million. In terms of news, NVIDIA rose over 3% overnight, marking its fifth consecutive daily increase, reaching a new high since early June, with a total market capitalization exceeding USD 5.3 trillion. SpaceX CEO Elon Musk previously committed during the company's first earnings call that SpaceX will build its artificial intelligence (AI) services entirely based on NVIDIA's systems. He stated, \"We believe the Vera Rubin architecture is the best architecture; it is currently the best AI computer, and we only collaborate with NVIDIA.\" A recent report from Morningstar indicated that NVIDIA's fair value assessment is USD 280 per share. The core factors supporting this evaluation are twofold: first, NVIDIA possesses a wide economic moat, with its GPU chips, CUDA software ecosystem, and related products still holding irreplaceable technological advantages in the market; second, as major cloud service providers continue to invest heavily in AI infrastructure, Morningstar expects NVIDIA's revenue to maintain strong growth momentum" datetime: "2026-08-06T06:40:04.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/295065290.md) - [en](https://longbridge.com/en/news/295065290.md) - [zh-HK](https://longbridge.com/zh-HK/news/295065290.md) generator: "portal-rs" --- # ETF Movement | Southern 2X Long NVIDIA surged over 3% intraday, NVIDIA's stock price rose for 5 consecutive days, reaching a two-month high According to Zhitong Finance APP, the Southern 2X Long NVIDIA (07788) rose over 3% during the session, and as of the time of publication, it was up 2.3%, priced at HKD 173.65, with a transaction volume of HKD 2.162 million. In terms of news, NVIDIA rose over 3% overnight, marking its fifth consecutive daily increase and reaching a new high since early June, with a total market capitalization exceeding USD 5.3 trillion. SpaceX CEO Elon Musk previously committed during the company's first earnings call that SpaceX will build its artificial intelligence (AI) services entirely based on NVIDIA's systems. He stated, "We believe the Vera Rubin architecture is the best architecture; it is currently the best AI computer, and we only collaborate with NVIDIA." A recent report from Morningstar indicated that NVIDIA's fair value assessment is USD 280 per share. The core factors supporting this evaluation are twofold: first, NVIDIA possesses a wide economic moat, with its GPU chips, CUDA software ecosystem, and related products maintaining an irreplaceable technological advantage in the market; second, as major cloud service providers continue to invest heavily in AI infrastructure, Morningstar expects NVIDIA's revenue to maintain strong growth momentum ### Related Stocks - [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md) - [NVDL.US](https://longbridge.com/en/quote/NVDL.US.md) - [NVD.US](https://longbridge.com/en/quote/NVD.US.md) - [NVDY.US](https://longbridge.com/en/quote/NVDY.US.md) - [NVDQ.US](https://longbridge.com/en/quote/NVDQ.US.md) - [NVDB.US](https://longbridge.com/en/quote/NVDB.US.md) - [NVDD.US](https://longbridge.com/en/quote/NVDD.US.md) - [NVDG.US](https://longbridge.com/en/quote/NVDG.US.md) - [NVDO.US](https://longbridge.com/en/quote/NVDO.US.md) - [NVDS.US](https://longbridge.com/en/quote/NVDS.US.md) - [NVDU.US](https://longbridge.com/en/quote/NVDU.US.md) - [NVDW.US](https://longbridge.com/en/quote/NVDW.US.md) - [NVYY.US](https://longbridge.com/en/quote/NVYY.US.md) - [NYYY.US](https://longbridge.com/en/quote/NYYY.US.md) - [NVDX.US](https://longbridge.com/en/quote/NVDX.US.md) - [DIPS.US](https://longbridge.com/en/quote/DIPS.US.md) - [MAGX.US](https://longbridge.com/en/quote/MAGX.US.md) - [SMH.US](https://longbridge.com/en/quote/SMH.US.md) - [SOXX.US](https://longbridge.com/en/quote/SOXX.US.md) - [SOXL.US](https://longbridge.com/en/quote/SOXL.US.md) - [SOXQ.US](https://longbridge.com/en/quote/SOXQ.US.md) - [XSD.US](https://longbridge.com/en/quote/XSD.US.md) - [PSI.US](https://longbridge.com/en/quote/PSI.US.md) - [FTXL.US](https://longbridge.com/en/quote/FTXL.US.md) - [07388.HK](https://longbridge.com/en/quote/07388.HK.md) - [07788.HK](https://longbridge.com/en/quote/07788.HK.md) - [09788.HK](https://longbridge.com/en/quote/09788.HK.md) - [09388.HK](https://longbridge.com/en/quote/09388.HK.md) - [MORN.US](https://longbridge.com/en/quote/MORN.US.md) - [NVD.DE](https://longbridge.com/en/quote/NVD.DE.md) ## Related News & Research - [NVIDIA Buys Hugging Face, the Heart of Open-Source AI](https://longbridge.com/en/news/297939652.md) - [Nvidia Reportedly Nears $14 Bln Deal To Buy AI Startup Hugging Face](https://longbridge.com/en/news/297736097.md) - [Nvidia Just Invested $3.5B in a Major Qualcomm Rival's AI Chips. 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