NVIDIA is front and centre again today. Groq was valued at $3.5 billion in a new funding round following its deal with NVIDIA. Separately, NVIDIA secured land and power capacity in Ohio to host compute for OpenAI — the build-out of AI infrastructure shows no signs of slowing. Options buyers are piling into NVIDIA calls, alongside Micron — which is up 240% year-to-date — and SanDisk, up 591%. Bullish bets are dominating semiconductor options flow this week.
Fed rate hike odds for September fell to 30%. That is pushing Nasdaq 100 and S&P 500 futures higher. The Dow lags slightly.
Three major retailers report this week. Target and Lowe's report Tuesday. follows Wednesday. All three carry low short interest — bears are not positioned for a miss. Consumer spending data from these reports will set the tone for the back half of August.
OSI Systems received a ~$200 million contract from US Customs and Border Protection today. The contract covers Rapiscan passenger vehicle inspection systems.
Japan's 10-year bond yield hit a three-decade high, approaching 3%. A weak yen is fuelling inflation concerns. That backdrop is spooking fixed income markets globally.
Shipping costs are rising sharply. Routes through the Panama Canal, Rhine, Red Sea, and Black Sea are all seeing higher rates. War and climate disruptions are cited as key drivers.
Private credit markets are showing stress signals back at 2017 levels, according to FT analysis. Troubled loans are swelling — a quiet warning for leveraged credit exposure.
Wolfspeed remains the standout squeeze candidate. SI % FF sits at 85.6% with zero shares available to borrow. Any positive catalyst could trigger a sharp move.
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.
