Chip insiders are cashing out at scale. Seven executives at AMAT filed sales topping $107M this week. CEO Gary Dickerson alone sold more than $44M on June 15–16. An independent director at NVDA filed $221M in sales earlier this month. Silver Lake, a 10% owner of DELL, has now sold nearly $870M in cumulative stock over 30 days. The pattern across the semiconductor supply chain is hard to ignore.
Bears are piling into names where the rally looks stretched. Wolfspeed sits at a staggering 100.9% SI % FF. SharonAI Holdings saw its short interest rocket 38 points in one week to 50.7%. Avis Budget climbed to 48.1% of free float. Meanwhile, short interest jumped 22% in a single week to 0.84% of float. Cost to borrow edged up to 3.09%. Bears are circling the tech giant ahead of near-term catalysts.
"Big Short" investor Steve Eisman publicly dismissed Fox's reported $22B bid for Roku with a blunt "Good luck." The deal faces doubts over valuation and strategic fit. Roku's short interest sits at 5.7% of free float.
Micron reports Q3 results Wednesday after the close. The chipmaker now carries a $1.18 trillion market cap. AI memory demand is the key watch item. FedEx and Carnival also report Tuesday. Analysts meanwhile downgraded Accenture, cutting the consensus target 8.5% in a single session — a sign that IT services spending caution is deepening.
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