All eyes are on NVDA tonight. The $5 trillion chip giant reports after the bell Wednesday. AI demand, data centre spend, and export restrictions will dominate the Q&A. Options bears have loaded up on puts in recent days. NVDA's RSI sits at 44.65 — nudging toward oversold. Analysts still see 46% upside from current levels. Joining Nvidia on Wednesday night: CRM Salesforce, HPQ HP Inc., SNPS Synopsys, and ADSK Autodesk.
Bears are piling into RDDT. Reddit's short interest jumped to 17.4% of free float — up 3.6 percentage points in seven days. remains the most heavily shorted large-cap name at 78.3% of FF. Zero availability means no new shorts can open. saw the sharpest weekly spike — up 9.85 percentage points to 27.2% FF.
Wolfe Research swept the payments sector with target hikes across five names. Block got the biggest bump — target raised to $115 from $100. Global Payments, Synchrony, Jack Henry, and FIS all moved higher too. UBS went the other direction on lululemon, trimming its target to $120 and keeping a Hold.
An emerging theme today: AI is becoming an energy trade. Data centre power demand is driving fresh interest in energy names. EQT saw notable buying on CNBC today. Eni and BP are advancing toward a final investment decision on Egypt's Denise West gas field — a deal that underscores Europe's continued push to secure new supply.
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.
