Chips, Energy, and Big Money — Tuesday's Top Stories

Earnings in the Headlights

Thursday is the week's focal point. ORCL and ADBE both report after the bell on September 10. Oracle's cloud and AI infrastructure momentum will be the key watch. Adobe faces questions on AI tool monetisation. Short interest in both names remains light — bears are not pressing ahead of results.

Energy Makes a Move

CVX grabbed attention today. The company's CFO announced plans to double rig counts in Venezuela as part of a five-year production growth push. The news adds a supply angle to an already volatile oil market. Options flow flagged energy calls heating up near $100 crude — Chevron's plan fits that narrative directly.

Chips Split in Two Directions

AAOI surged Tuesday, driven by fiber optic contract activity. QCOM also drew positive headlines — its CFO confirmed strong engagement with a second major hyperscaler beyond AMZN. Meanwhile, WOLF sits at 74.8% short interest of free float with zero shares available to borrow. Bears added another 3.1 percentage points this week. The SiC chipmaker is down nearly 49% in three months.

Big Money Moves

Bill Gates filed purchases of over 4.2 million RSG shares worth more than $927 million. Across the Atlantic, Kenneth Dart disclosed a $715 million buy in Swedish gaming stock EVO. Both trades are freshly filed and represent some of the largest insider-linked moves seen this quarter.

Trucking Under Pressure

KNX short interest nearly doubled to 10.9% of free float in a week. Citigroup also trimmed its target on trucking peer SAIA to $417 today. Freight demand headwinds are clearly weighing on the sector, with both short sellers and analysts moving in the same direction.