Cerebras (CBRS.US) rises nearly 9% against the trend, reaching a new high, while SOXL (SOXL.US) falls nearly 6%. NVIDIA's earnings report will be revealed after the market closes tomorrow

On Tuesday (May 19), during the U.S. stock market session, the semiconductor sector weakened overall as the market awaited Nvidia (NVDA.US) to release its latest quarterly earnings after the market close on May 20. As of the time of writing:Main stocks:Nvidia (NVDA.US) fell 0.92% to $220.27Broadcom (AVGO.US) fell 2.32% to $410.95Marvell (MRVL.US) fell 0.28% to $168.46Intel (INTC.US) fell 1.15% to $106.93ARM Holdings (ARM.US) rose 0.22% to $215.59, reaching a peak increase of 2.76% during the sessionLeveraged ETFs:Direxion Daily Semiconductor Bull 3X Shares (SOXL.US) fell 5.80% to $142.96Inverse Direxion Daily Semiconductor Bear 3X Shares (SOXS.US) rose 5.93% to $10.54NVDA 2X Long ETF (NVDL.US) fell 1.72% to $112.36INTC derivative (INTW.US) fell 2.21% to $261.94Stocks that rose against the trend:Cerebras Systems (CBRS.US) rose 8.99% to $323.33, reaching a peak increase of 9.01% during the session, setting a new high since its listingIt is worth noting that the 3X Long ETF (SOXL.US) fell nearly 6% while the 3X Short ETF (SOXS.US) rose nearly 6%, indicating a significant increase in risk-averse sentiment among investors. The sector experienced multiple instances of rising and falling during the session: MRVL.US peaked at $173.45 (up 2.68%) but is currently down 0.28%; ARM.US peaked at $221.06 (up 2.76%) but is currently maintaining only a 0.22% increase; INTC.US briefly rose to $109.43 but ultimately fell to $106.93. NVDL.US experienced an amplitude of about 4%, reflecting divergent views on Nvidia's earnings report.In terms of news, Nvidia will release its latest quarterly earnings after the market close tomorrow (May 20), and the market is generally in a wait-and-see mode ahead of the earnings report. Evercore commented that "the supply of AI infrastructure has not kept up with demand," maintaining a bullish outlook on Nvidia and Broadcom; however, warning signals have also emerged in the market—"Wall Street's most crowded trade" indicator has issued a sell warning for Nvidia and AMD bulls, with some funds choosing to reduce positions ahead of the earnings report. Coatue's latest 13F filing shows a reduction in Nvidia holdings.On the individual stock level, AI chip newcomer Cerebras (CBRS.US) continues to lead the gains, briefly rising 9.01% during the session, refreshing its all-time high to $323.38. The market continues to maintain enthusiasm for its "next-generation AI chip comparable to Nvidia and AMD." ARM Holdings (ARM.US) turned positive during the session, peaking at a 2.76% increase, but the negative news regarding the Federal Trade Commission (FTC) launching an investigation into its "self-developed chip business potentially having antitrust issues" is still being digested, leading to a narrowing of its gainsIntel (INTC.US) strengthened yesterday due to the news of NVIDIA's significant increase in holdings in the Q1 13F filing, and today continued the intraday surge and pullback pattern, ultimately closing slightly lower