ServiceNow is surging Friday after strong earnings. It beat expectations and raised guidance. That sent the stock sharply higher and lifted sentiment across enterprise software.
Intel also delivered better-than-feared results. The CPU maker's print stopped a broader tech selloff in its tracks. With agentic AI driving fresh demand for CPUs — not just GPUs — INTC gave bulls a rare win this week.
T-Mobile had a tougher session. Shares fell 11% on mixed results and a cautious outlook before recovering some ground. The telecom giant now faces fresh scrutiny over subscriber growth trends.
Options markets remain on edge. MSFT, AAPL, and AMZN all report next week. Bearish options flows are heavy across mega-cap tech. sits at an RSI of 29 — deep in oversold territory — down nearly 29% year-to-date.
NVDA CEO Jensen Huang made his first-ever post on X today. He used it to defend open-source AI. That drew immediate attention across the AI ecosystem.
Digital Realty Trust received an upgrade to Buy from TD Cowen with a new $222 target. Data centre names continue to attract analyst support on AI infrastructure tailwinds.
Alphabet's Q2 reaction is weighing on the broader AI trade. Wall Street's muted response to GOOGL results raised questions about the sustainability of AI-driven revenue growth.
On the short side, HTZ short interest hit 75% of free float. CHWY sits at 72.4%. Bears remain deeply entrenched in both names.
Morocco secured $114M to build Africa's first EV battery factory. The project links Renault and Stellantis to the continent's emerging battery supply chain. European automakers are watching closely as EV infrastructure spreads beyond traditional markets.
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.
