Bond yields are doing the damage today. The Nasdaq is dropping as chip stocks lead losses. Micron, Marvell, and Credo Technology are among the hardest hit. This fits the options flow picture — bearish bets on semis have been building all week. Sandisk tops the negative-options count despite a 653% year-to-date run. Short sellers agree: Wolfspeed sits at 87% SI of free float with zero shares left to borrow.
Meanwhile, one analyst is pushing back. A new call argues NVDA has 55% upside from here — a bold contrarian stance on a day when chips are cratering.
reports today at 1pm ET. A cooling housing market has pressured the stock all year. Tomorrow brings , , and — a trio that will shape the consumer spending narrative for the week. follows Wednesday. Investors will watch every line item.
Weave Communications is going private. Francisco Partners offered a 34% premium in a $650M buyout. That's the deal of the day in small-cap land. On the insider front, Bill Gates filed $186M in RSG purchases. Magnetar Financial filed a near-$479M exit from CRWV over just three days.
UK data analytics firm Quantexa is exploring a London or US IPO, per Reuters. The move signals renewed confidence in the European tech listing pipeline after a quiet stretch.
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.
