NVDA delivered blowout Q2 results yesterday, setting the tone for markets this week. The AI chip giant reports at 5pm ET today. Despite the beat, options traders are cautious — only 64% of 7-day flow is bullish. That is tepid for a $5 trillion name. Michael Burry called the stock "wildly undervalued" but added that shares are "treading water." Short interest has climbed, and the RSI sits at 49.6. Bulls and bears are locked in a standoff.
Thursday brings a heavy roster. MRVL posts Q2 2027 results — a key read on AI infrastructure spending. DLTR, ULTA, and ADSK all report. Canadian banks RY and TD release Q3 2026 figures. Bank results will test sentiment on Canadian credit and housing. holds its Q3 earnings call today alongside .
Wall Street raised targets on CRM, lifting the consensus to $253 from $242. Salesforce also leads bullish options flow at 84% positive bets — traders are positioning for a rebound from its 22% year-to-date drop. Yet short sellers are adding to positions in SaaS names. KVYO short interest jumped 6.6 percentage points to 20.1% of free float in seven days. Bears are betting AI erodes SaaS demand.
Selling pressure is broad. MEDP CEO August Troendle has filed $61.7 million in sales over four weeks. TWLO board member Andy Stafman filed a $123.5 million block sale on August 12. CPAY CEO Ron Clarke sold $20.8 million on August 25. The pattern is consistent — executives near multi-year highs are cashing out.
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.
