As we enter the latter half of May, the grand finale of the U.S. earnings season is about to arrive with $NVIDIA(NVDA.US), the most anticipated company this week. Against the backdrop of lackluster earnings or guidance from U.S. AI hardware stocks, major U.S. tech giants raising or already increasing capital expenditures, and the easing of AI computing chip supply constraints,

the market has placed even bigger bets on NVIDIA. While downstream players are boosting capital expenditures, upstream players like AMD have delivered disappointing guidance overall. Thus, NVIDIA, as the primary supplier of AI computing power, is likely the only AI stock that can exceed expectations. Beyond NVIDIA's long-term AI vision, focus on recent customer demand trends and changes in AI computing power shipment pace during the earnings call.

With Chinese stocks continuing to recover—especially small- and mid-cap stocks showing greater resilience—this week's earnings reports from these companies have become even more crucial. Key players include leading hot stocks like Pinduoduo; relatively overvalued or fairly valued second-tier quality Chinese stocks such as Trip.com, NetEase, and Xiaomi Auto; undervalued vertical players like Li Auto, XPeng, Kuaishou, BOSS Zhipin, KE Holdings, and Bilibili.

Amid declining U.S. Treasury yields, the upward momentum of undervalued second-tier Chinese stocks—especially in the current rally—makes their upcoming earnings guidance and outlook particularly noteworthy.

For a detailed breakdown of key U.S. and Hong Kong stock highlights and macro events this week, the Longbridge community has already compiled the information. Interested members should check out the packed earnings release schedule for this week's earnings frenzy.