NVDA reports after the close today. The $5.2 trillion chip giant is the single most-watched event of the week. Options markets are pricing in a big swing. Jim Cramer declared the company has "no real competitors" — even as OpenAI's Sam Altman claimed a new in-house chip is already "fast." Short interest is low. Analyst consensus implies 46% upside. The bar is high, but NVDA has cleared it repeatedly.
AVGO is watching closely. Any read-through on AI chip demand could move the broader semiconductor space.
Bears are piling into RDDT. Short interest jumped to 17.4% of free float — up 3.6 percentage points in a week. PAYC also drew fresh shorts, rising to 11.5% of FF. NCNO reports tonight with elevated short interest and insiders already selling into the rally — a tough setup heading into earnings.
WOLF shorts eased to 78.3% of FF from 84.2%. The semiconductor name remains one of the most crowded shorts in the US market.
Nearly $617 million in insider selling hit US filings over the past month. ILMN led with $293 million in board-level exits. TWLO saw a $123 million single-day disposal. Selling pressure is broad across sectors.
European defence stocks rallied after Ukraine ratified a $105 billion EU loan deal. Separately, the maker of Dulux paint soared after rejecting a $14.5 billion takeover bid. NatWest secured US regulatory approval for a new American office as it pushes into the US market.
MRVL reports Thursday after the bell. Canadian banks RY and TD report Thursday morning. Discount retailers DG and DLTR follow the same day. Investors want clarity on the low-income consumer.
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