Nvidia-Fueled AI Frenzy Sends ProShares FB Volume Soaring

ProShares S&P 500 Dynamic Buffer ETF (FB) has seen unusual trading volume, which is 22× higher than its average daily volume.

The ETF’s largest holding, Nvidia, is in focus ahead of its May 20 fiscal Q1 earnings, with analysts expecting triple‑digit EPS growth and nearly 80% revenue growth driven by AI GPU demand, while the company also expanded its AI supply-chain reach through new stakes in CoreWeave and Coherent. Other key tech weights are also moving on AI news: Apple has rallied to all‑time highs on strong earnings, leadership changes and anticipation of new AI features, while also cutting iPhone 17 prices in China to support demand ahead of its AI overhaul. Microsoft, Amazon, and Alphabet (both A and C shares) are benefiting from bullish analyst and hedge fund views on their AI and cloud strategies, and Broadcom is being highlighted by multiple analysts as one of the best‑positioned chip makers for the AI infrastructure boom, with long-term custom AI chip deals from customers like Google and Meta; Meta itself faces internal controversy over data collection for AI but retains strong Wall Street support. Tesla, a smaller but still meaningful holding, is under pressure from legal and regulatory actions, including an Australian class action over alleged misleading claims and expanded U.S. investigations into its Full Self-Driving system, even as it pushes ahead with robotaxi infrastructure and its Semi truck program as new growth avenues.