SK Hynix made its Nasdaq debut Friday at $149, jumping as much as 14% in early trading. The listing sent ripple effects through the chip sector. MU traders watched closely as the Korean rival's valuation implied a potential re-rating. NVDA options sentiment stayed bullish. Short interest on both names is minimal — 3.6% and 1.3% of free float respectively — leaving room for further upside. The US also approved its first cryptobank, adding another layer of risk-on sentiment to Friday's session. CRCL was among the names in focus on that news.
Short sellers made bold moves this week. Wolfspeed now has 103% of its free float sold short — and zero shares available to borrow. CoreWeave saw short interest jump from 19% to 33% in 30 days. Bears are questioning the AI cloud stock's $40bn valuation. Chewy sits at 75% short interest but faces no squeeze pressure — availability is 537%.
UTHR moved sharply after BETA Technologies completed the first FAA-approved electric aircraft flight, carrying donor organs. The milestone is a real-world proof point for United Therapeutics' organ manufacturing program.
The coming week brings the Q2 earnings gauntlet. BAC kicks off Monday. JNJ and BNY report Tuesday. Wednesday belongs to NFLX and the beleaguered UNH. In Europe, FT Markets highlighted Japan's finance minister pushing the country's giant pension fund to shift toward domestic assets — a move that lifted the yen, bonds, and equities simultaneously. PepsiCo faces a fresh consensus downgrade ahead of its own results, with the average target slipping to $156.64.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data. Content is informational only and does not constitute investment advice.
