The S&P 500 is up today as the stock market awaits Nvidia’s earnings report later today. The artificial intelligence and tech giant will report its Q4 results after markets close today. Of key interest to investors is the demand for its AI chips. There have been concerns that DeepSeek’s AI model launch may have dampened demand for NVDA’s stronger AI chip offerings.
NVDA leads the AI market and with its rise comes increased stock prices across the sector. This has several other AI stocks listed on the S&P 500 increasing today. However, those stocks could easily give up their positive movement today if Nvidia fails to impress investors with its upcoming earnings report.
Today’s news translates to a 0.18% boost for the SPX today. Investors will note the index is still down 0.72% over the last three months but has increased 1.25% year-to-date.
Which Stocks Have the SPX Up Today?
Turning to the TipRanks S&P 500 heatmap tool, traders will see exactly which stocks are keeping the index up on Wednesday. As mentioned above NVDA is a strong gainer with its 3.52% increase, while AI-related stocks Broadcom (AVGO), Meta Platforms (META), Micron (MU), and Amazon (AMZN) are also helping keep the index out of the red.
How to Invest in the SPX Index
Investors can’t take a direct stake in the S&P 500 as it’s only an index. Instead, they might consider buying shares of stocks rallying today in hopes of further gains. That might be a risky play with Nvidia’s earnings report on the horizon but may pay off if results impress investors and analysts.
Another option would be acquiring shares of an exchange-traded fund (ETF) that tracks the SPX. With this choice, investors can bet on or against the index. One popular pick among traders is the SPDR S&P 500 ETF Trust (SPY).
