On Wednesday (May 20), during intraday trading of U.S. stocks, GPU/CPU-related stocks collectively strengthened as the market positioned itself positively ahead of NVIDIA's (NVDA.US) latest quarterly earnings report to be released after the market close tonight. ARM Holdings (ARM.US) led mainstream chip stocks with a 10.02% increase, closing at $245.52, with an intraday high of 11.12%; Marvell Technology (MRVL.US) rose 7.42% to $189.36, reaching a peak increase of 9.02% during the day; Intel (INTC.US) gained 5.22% to $116.59, with an intraday high of $120.10 (up 8.39%); AMD (AMD.US) increased by 4.33% to $431.97; Broadcom (AVGO.US) rose 0.54%.
NVIDIA (NVDA.US) showed relatively restrained performance today, rising 0.48% to $221.66 as of the time of writing, with an intraday high increase of 1.14%, reflecting a cautious stance from investors ahead of the earnings announcement. Its leveraged ETFs showed significant divergence—NVDL.US (2X Long) rose 0.89%, while NVDD.US (inverse ETF) fell 0.51%.
In terms of leveraged derivatives, the derivative of INTC, INTW.US, surged 11.51% to $313.82, with an intraday high increase of 16.55%, showing a significant amplification effect. The newly listed Cerebras 2X leveraged ETF (CBRG.US) performed impressively on its first day, rising 18.54% to $16.56, with an intraday high increase of 22.55%; its parent company, Cerebras Systems (CBRS.US), also rose 9.02% to $331.01, reaching a new high of $338.33 during the day since its listing.
From the market rhythm perspective, today's buying pressure was relatively sustained, with most stocks showing limited pullbacks: ARM.US hit a low of $207.33 during the day (the pre-opening low) and continued to rise from the opening; INTW.US had an intraday fluctuation of about 17%, reflecting a strong influx of leveraged funds.
On the news front, NVIDIA will release its latest quarterly earnings report after the U.S. market close today (May 20). The market generally expects that the demand for AI computing power will further drive performance beyond expectations. Several brokerages, including Evercore, reiterated before the earnings report that &#34;the supply of AI infrastructure has not kept up with demand,&#34; leading to early positioning in the sector. In parallel, the Philadelphia Semiconductor Index rose 2.2% in the morning session.
In terms of individual stock catalysts:
Marvell Technology (MRVL.US): The company received a new round of strategic investment from AMD, driving its stock price up over 7% in a single day; the company will also release its latest quarterly earnings report today, with the market focusing on the progress of its AI network chip business.
ARM Holdings (ARM.US): Analysts have once again raised ARM's valuation, believing that the &#34;CPU Renaissance&#34; theme will drive the stock price up further by 45%; concerns regarding the FTC's antitrust investigation into its self-developed chip business were temporarily set aside by the market today, leading to a new high in its intraday increase
Intel (INTC.US): The company disclosed the mass production schedule for the next-generation process node A14 (1.4nm equivalent) chip, confirming mass production in 2029. The increased clarity of the roadmap boosted investor confidence, with intraday gains expanding to over 8%.
Cerebras (CBRS.US): Cathie Wood from Ark Invest disclosed an increase of over 100,000 shares, continuing market enthusiasm for the &#34;next Nvidia&#34;; the newly listed 2x leveraged ETF (CBRG.US) saw a first-day gain of over 18%, reflecting a strong willingness of leveraged funds to participate in the main upward trend of CBRS.
AMD (AMD.US): Analysts pointed out that AMD's AI CPU opportunities continue to expand, and the AI-driven &#34;prosperity cycle&#34; is a long-term positive for AMD; the company was also positively interpreted by the market today due to news of its stake in Marvell

Nvidia will release its FY27 Q1 earnings report after the US stock market closes this Wednesday. This is not just a single quarter's performance, but a crucial battle in the global debate over "the golden age of AI vs. a repeat of the AI ​​bubble." Nvidia and Micron alone have contributed over 30% of the S&amp;P 500's year-to-date gains, and the Philadelphia Semiconductor Index has surged nearly 70% since the end of March—the market has pushed the AI ​​narrative to its extreme. Will this earnings report crown the story, or prick the bubble?

Nvidia will release its FY27 Q1 earnings report after the US stock market closes this Wednesday. This is not just a single quarter's performance, but a crucial battle in the global debate over "the golden age of AI vs. a repeat of the AI ​​bubble." Nvidia and Micron alone have contributed over 30% of the S&amp;P 500's year-to-date gains, and the Philadelphia Semiconductor Index has surged nearly 70% since the end of March—the market has pushed the AI ​​narrative to its extreme. Will this earnings report crown the story, or prick the bubble?

Nvidia Eyes $6 Trillion Market Cap — Can Q1 Earnings Deliver?

NVIDIA reports after Wednesday's US close, delivering its FY27 Q1 scorecard. Consensus pegs revenue near 78B and Data Center around 73B—that's the floor; the real fireworks sit in Q2 guide: blow past 90B or settle near 85B? Wall Street has already pushed the AI narrative to a 6T market cap, with NVIDIA alone driving a sizeable chunk of this year's S&amp;P 500 gains. This print decides whether the AI golden age gets crowned, or whether the first crack in the valuation bubble finally shows.

NVIDIA reports after Wednesday's US close, delivering its FY27 Q1 scorecard. Consensus pegs revenue near 78B and Data Center around 73B—that's the floor; the real fireworks sit in Q2 guide: blow past 90B or settle near 85B? Wall Street has already pushed the AI narrative to a 6T market cap, with NVIDIA alone driving a sizeable chunk of this year's S&amp;P 500 gains. This print decides whether the AI golden age gets crowned, or whether the first crack in the valuation bubble finally shows.

NVIDIA earnings coming, can the 6T story hold?

CBRS

INTC

NVIDIA (NVDA.US) will announce its earnings tonight after the market closes, and chip stocks are positioning themselves in advance. ARM (ARM.US) rose over 10%, Marvell (MRVL.US) rose over 7%, and Intel (INTC.US) rose over 5%. The Cerebras 2X leveraged ETF (CBRG.US) surged over 18% on its first day, reaching a new high

- On May 20, U.S. stocks related to GPUs and CPUs surged as investors anticipated Nvidia's upcoming earnings report.  
- ARM Holdings led the gains with a 10.02% increase, followed by Marvell Technology rising 7.42%, while Intel and AMD also saw notable gains.  
- Market analysts expect strong performance driven by AI demand, with Nvidia's report expected to reflect this trend, lifting investor confidence across the sector.

Movers Alert

Cerebras

Intel

Marvell Tech

T-Rex 2X Long ARM Daily Target ETF

GPU/CPU concept stocks collectively strengthened, ARM (ARM.US) rose over 11% during the day, Intel (INTC.US) rose over 5%