All eyes are on Wednesday. NVDA reports after the close on August 26 — its $5.2 trillion market cap makes it the market's single most important earnings event of the year. Options flow is already bullish. Any guidance miss could reset sentiment across the entire tech sector.
Elon Musk's xAI warned today that Grok could "largely cease to function" after a power shutdown threat — a rare operational alarm from a private AI competitor that underscores infrastructure fragility across the sector. Meanwhile, US Treasury bonds are sliding. 30-year yields rose even after Treasury Secretary Bessent pledged to "at least double" buybacks. Wall Street is calling it a band-aid. Bond vigilantes are back.
INTU reports today after the bell — the $100 billion Intuit is the first major software name this cycle. DKS reports this morning, testing consumer spending confidence. Wednesday also brings SNPS and , followed by and on Thursday.
Options bulls are concentrated in semis. MU leads positive bets — up 239% year-to-date with analysts still seeing 57% further upside. MRNA draws the heaviest put flow. Up 392% YTD, its analyst target implies a 37% decline. Short sellers are piling into RDDT, where SI % of free float jumped to 17.6% from 13.5% in a week. Bears are unconvinced by the AI ad revenue rally.
Grain prices are surging after Ukraine war disruptions choked seaborne exports. European stocks are navigating defense sector strength, with Ukraine's $105B EU loan deal providing a floor for defense names. Norwegian offshore wind firm Cadeler affirmed FY2026 guidance above analyst estimates, a bright spot in the region.
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.
