All eyes are on Wednesday. NVDA reports after the close, and the $5.25 trillion chipmaker is setting the tone for the entire week. Traders are nervous. Bears are piling in across large-cap tech names ahead of the results.
Short sellers moved hard into RDDT this week. Short interest jumped to 17.6% of free float — up 4.1 points in seven days. Options sentiment echoes that pessimism. META is technically fragile too, with RSI dropping to 38.7 and shares off 17% year-to-date. WOLF remains an extreme case at 83.4% of free float shorted, with zero shares available to borrow.
Wednesday is the busiest day. Alongside NVIDIA, CRM, CRWD, and all report. Thursday brings , a key node in the AI supply chain. reports Tuesday. Markets want clarity on enterprise software and AI-driven demand across the board.
Bill Gates filed purchases of over $346 million in RSG shares, made between August 10 and 19. It is one of the largest insider buying clusters filed this week. On the other side, Ronda Stryker filed sales of $117.8 million in SYK stock. Fintech newcomer CHYM also drew attention as VC firm DST Global filed $188 million in sales following the company's recent IPO debut.
FT Markets flagged US Treasury yields climbing as the 30-year bond slid despite government intervention. Grain prices also surged on Ukraine war disruption. Defense countered the gloom. LMT received a fresh analyst upgrade. EVRG moved to hold as rate expectations stabilised.
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.
