Markets Hum on Triple-Witching Day

Tech Leads, Accenture Stumbles

MSFT and META are both active on Monday, with tech names broadly in focus. It is options expiry day — a triple-witching event. That adds extra volatility across the board. NVDA carries the deepest options chain of any US stock today, with heavy open interest near the June 18 expiry. Morgan Stanley raised its target on STX (Seagate Technology) to $1,035, maintaining an Overweight rating. Storage stocks are riding the same AI data demand wave as memory chips.

Not all analyst calls are bullish. Morgan Stanley cut ACN (Accenture) to Equal-Weight and trimmed its target to $177. That is a notable downgrade for one of the world's largest IT consultancies.

Micron Steals the Analyst Show

MU drew the most dramatic calls of the week. TD Cowen lifted its target to $1,500 — more than double its previous $660 target. RBC followed with a raise to $1,200. The AI memory boom is driving both upgrades. HBM chip demand is outpacing supply. Short interest in Micron is just 3.4% of free float, so bears are not in the way.

Tesla Under FSD Scrutiny

TSLA faces fresh pressure. Reuters reported the company gave European regulators misleading Full Self-Driving safety data. With 25 active option expiry dates today, put activity in near-term contracts is elevated.

Short Sellers Back in Car Rentals

HTZ (Hertz) and CAR (Avis Budget) both sit above 44% SI of free float. Hertz availability is just 9.3% — close to squeeze territory. Meanwhile, AMZN announced a multi-billion dollar data centre investment in Missouri, expected to create over 400 full-time jobs and cut local water use by 100 million gallons annually.