Edited by Peter Hillerberg1 min readStories are generated from ORTEX data and reviewed by the ORTEX team. How we publish
Markets enter Wednesday with eyes locked on NVDA earnings after the close. The $5.2 trillion chip giant is the week's defining event. Options traders are active but not stretched — RSI sits at 44.65, suggesting the market is waiting rather than betting big.
Apple stole the morning spotlight. The company unveiled new Mac mini and Mac Studio machines powered by M6 and M5 Ultra chips — with a surprise $9 pricing twist that caught analysts off guard. Meanwhile, Microsoft announced a long-term AI collaboration with Saudi Arabia's HUMAIN, bringing ALLAM language models into its Foundry and M365 Copilot platforms. In a separate Reuters exclusive, China's Moonshot AI is reportedly in revenue-sharing talks with Microsoft, , and . The AI theme is global and accelerating.
Li Auto reported Q2 results this morning. Adjusted EPS came in at -$0.22, missing the -$0.01 estimate. Sales of $3.78B beat the $3.70B forecast. The mixed read adds to uncertainty around China's EV sector.
Abbott Laboratories drew the session's biggest upgrade. TD Cowen raised its target to $135 and reiterated Buy. Lululemon got the opposite treatment — UBS cut its target to $120 with a Hold rating. Short interest at Lululemon sits near 9.7% of free float, leaving bears well-placed.
Wolfspeed short interest remains extreme at 78.3% of free float. Danaher CEO Rainer Blair filed $12.7 million in sales. Thursday brings Canadian banking results from Royal Bank and TD Bank — key reads on North American credit health.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data and reviewed by the ORTEX team. Content is informational only and does not constitute investment advice.
