NVDA is today's top headline. Analyst Ming-Chi Kuo reports that Nvidia's Rubin CPX chip is back — with a major redesign. The news lands as options flow turns negative on the stock. Negative bets have dominated Nvidia's weekly options activity. Short sellers are rebuilding positions across chip names too. CRDO is drawing fresh shorts as bulls face a valuation test after a strong run. Bears are quietly building in the semiconductor space ahead of the new month.
September's earnings calendar opens heavy. Medtronic reported this morning. Dell Technologies posts after the bell today. Investors will watch Dell closely for AI server demand signals. GitLab also reports with analysts still chasing the stock higher. UiPath heads into its print carrying a 46% year-to-date rally but a wall of short interest. Bears hold significant positions in software names going into these results.
Short sellers grew more aggressive in the week ending August 28. KVYO saw SI % FF jump nearly 7 percentage points to 19.8%. Panw got a 34% target price boost from Scotiabank, but CIEN took a $103 target cut from B. Riley. The split in analyst views reflects genuine uncertainty about tech spending durability heading into Q3.
The biggest cross-border story is in Sweden. Kenneth Dart filed purchases of $716M in EVO shares — the largest insider buy of the fortnight. Evolution AB's largest shareholder bought on the dip in late July. A company-level insider sold $8.3M near the highs in late August. The divergence between the major stakeholder and board-level selling is sharp. Watch Evolution's next price move closely.
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.
