Wednesday's close brings NVDA's earnings. The chipmaker carries a $5.2 trillion market cap. Every AI trade in the market hangs on this print. Options markets show maximum uncertainty — NVDA's RSI sits at a neutral 51. CRM, CRWD, and SNPS also report Wednesday. Before that, INTU posts results Tuesday after the bell.
The FT flags a sharp move in US Treasuries. Treasury Secretary Bessent pledged to "at least double" long-term bond purchases. Markets weren't convinced. The 30-year yield rose anyway. Quant funds took hits as momentum trades unwound. Grain prices also surged on Ukraine war disruptions, adding to the macro pressure.
Short sellers moved hard against RDDT this week. Short interest jumped 4.2 percentage points to 17.6% of free float. The stock is down 33% year-to-date. DAVE saw SI climb to 27.4% of FF. PURR had the sharpest move of all, with SI surging 8.6 points to 26.2%. On the flip side, shorts covered in CBRS and WIX.
Analysts lifted targets on power names. VST holds 18 of 19 buy ratings. CEG and NRG both saw target prices nudge higher. The AI data-center power trade remains Wall Street's favoured energy theme. HOOD also drew fresh analyst attention, with consensus lifting its average target to $120.08 and a $85.5 billion market cap.
MXL CEO Kishore Seendripu filed over $37M in sales. MEDP insiders disclosed nearly $29M in combined selling. PH saw six separate insiders file exits totalling ~$16M.
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