Uber cut 3,300 jobs, and investor Ross Gerber called them the "first victims of the AI era." The timing is sharp. Tesla launches its Cybercab robotaxi today, September 4. The two events together crystallise the market's biggest structural debate. Options flow in NVDA reflects that tension — traders are buying both calls and puts, bracing for a move rather than betting on direction.
Broadcom posted Q3 AI revenue up 221%. Shares fell on soft guidance despite the blowout growth number. That gap between strong results and weak reaction is exactly the kind of setup that drives heavy options activity. Semiconductor names dominated flow this week. Micron and NVDA both rank among the top names for positive and negative bets simultaneously — two-sided volatility positioning ahead of a busy data calendar.
Dell drew the week's biggest target price revision. Truist raised its target 40% to $505. Oracle got the opposite treatment — Jefferies trimmed its target to $290, while maintaining a Buy. Palo Alto Networks saw its consensus target lifted to $385.
Short sellers fled Snowflake after a 23% after-hours pop on strong results. On the other side, MiniMed Group shorts pushed SI to 28.36% of free float. Tenable short interest climbed 4.73 points to 13.81%.
French media group Vivendi reports half-year results today. South African miner Impala Platinum reported early this morning. In the US, Ciena and Campbell's both report today, kicking off a packed earnings week.
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.
