Chips, Bears, and Sneakers Drive Monday's Tape

NVIDIA Faces China Headwinds

NVDA is the big macro story today. AP reports its AI chip sales in China have stalled as local makers like Huawei step in. That's a direct hit on one of NVIDIA's most important growth markets. The news lands as a Director at NVIDIA separately filed two share sales totalling nearly $186 million last week — adding a layer of insider caution to the headline risk. AMD and Taiwan Semiconductor are also in the frame as investors reassess the China chip trade.

Bears Load Up on Beaten Stocks

Short sellers made aggressive moves this week. WOLF hit 129.9% short interest as a percentage of free float. That rose 26.8 points in just one week. Zero shares remain available to borrow. WBI surged even harder, up 53.8 points to 85.5%. LCID also draws heavy scepticism, sitting at 39.2% SI % FF. Options bears are active in Wolfspeed through August.

Nike Earnings on Deck

NKE reports Q4 fiscal 2026 results Monday. It's the week's marquee earnings event. Options cluster tightly around the July 2 expiry — traders are positioning now. STZ and GIS also report Monday. Analysts lifted MU's consensus target to $1,410 after strong results. DRI moved the other way — target slipped and analysts flagged a downgrade.

Insider Sales Stand Out

ASTS CEO Abel Avellan sold $146.7 million worth of shares on June 22. That's a large exit from the man who founded the company. Strategy Inc also grabbed attention, with Anthony Scaramucci commenting on Bitcoin liquidation risk — keeping crypto in the conversation as quarter-end approaches.