NVDA reports Wednesday after the bell. The $5.25 trillion chipmaker is the biggest earnings event of the quarter. Also reporting this week: CRM, CRWD, MRVL, and INTU. Markets are on edge across the entire AI supply chain.
Short sellers are repositioning ahead of results. RDDT short interest jumped 4.1 percentage points to 17.6% of free float in one week. Options flow is bearish on Reddit. The stock is down 33% year-to-date. CHTR sits at 32.4% SI % FF and keeps climbing. Cable's structural decline is keeping shorts engaged. remains the most extreme name — 83.4% SI % FF with no shares left to borrow. The stock has lost 63% over three months.
Six insiders at IRDM filed sales worth over $19M this week. Director Thomas Fitzpatrick alone sold $11.2M. CEO Christopher Pappas of CHEF filed $11M in sales on August 18. On the other side, Bill Gates filed $36M in fresh purchases of RSG on August 18. His two-week total in the waste-management company now tops $250M.
LMT earned an upgrade this week. Analysts also nudged CrowdStrike's average target to $209.74. Bitcoin and gold both recovered sharply from a mid-week slump, according to AP. The US-Canada trade war deepened, adding macro tension to an already packed week for markets.
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