Markets Scan Friday: Streaming, Chips, and Squeeze Chaos

Streaming Wars Get a Winner

Warner Bros. Discovery said the Disney bundle is working. Churn is falling. Subscriber growth is picking up. The data landed early Friday and puts WBD and DIS in a positive light. Netflix and Paramount Skydance are watching closely. Streaming competition is intensifying — but bundling is proving its value.

Musk's AI Compute Bombshell

Elon Musk revealed that SpaceX will consume three times more Terafab AI compute than Tesla. The comment reframes the AI arms race. Tesla's compute story is no longer the headline — SpaceX is. It's a shift markets will need to price in.

Earnings Day: Defense and Space Names in Focus

Karman Holdings reports today. Short sellers have been unwinding, and options turned bullish ahead of the print. Redwire Corporation faces a second earnings print with bears still firmly positioned. Space names are active across the board — Rocket Lab has recovered to $75.67 but management credibility concerns linger.

Short Squeeze Chaos Continues

Wild short interest swings dominated this week. MicroVision saw SI collapse then rebound within 48 hours — a textbook forced-covering whipsaw. Chewy sits at 81% SI % FF with 419% borrow availability. Bears are comfortable, but exposed to any catalyst. EverCommerce carries the most extreme squeeze setup in the US right now, with a short score of 95.5 and 23 days to cover.

European Construction Gets a Signal

Swiss materials group Amrize heads into results with its CEO buying the dip. That's a bullish signal into print. Peer Holcim and US rival CRH are trading in sympathy. Infrastructure spending themes remain intact across both regions.