All eyes point to Wednesday. NVIDIA reports after the close on August 26. Its market cap stands at $5.2 trillion. Options traders are positioned on both sides, with RSI sitting at a dead-neutral 51. Expectations are sky-high after a year of AI-fuelled gains. Any guidance miss could shake the broader market. Adding political heat, Senator Elizabeth Warren demanded CEO Jensen Huang testify about NVIDIA chips found in Russian drones — the same week Elon Musk confirmed SpaceX will use NVIDIA hardware for a Q4 2027 AI satellite launch.
Bears are active ahead of several prints. Polestar shorts have dug in ahead of its Q2 results. Reddit short interest jumped 4.2 percentage points to 17.6% of free float — the stock is down 33% year-to-date and remains a target. SentinelOne faces its own test. Analysts raised targets into Tuesday's print. Peers Palo Alto Networks and will watch closely for sector read-throughs.
Intuit reports today after the bell. The $100 billion software firm is the first major software name this cycle. DICK'S Sporting Goods reports this morning — a consumer spending barometer. Also Wednesday, HP Inc. and Synopsys report alongside NVIDIA.
Woodside Energy released its half-year results this morning. Hong Kong-listed JS Global Lifestyle saw its short score hit 96 with earnings imminent — a signal of intense bearish positioning. Insider selling dominated corporate filings this week, with Medpace, Iridium, and Charles Schwab executives all filing significant share sales.
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.
