Micron Technology is the week's defining story. The stock is up 279% year-to-date. It reports Q4 2026 results tomorrow after the close. Options traders are the most active in the market on MU — loading up on both bullish and bearish bets simultaneously. That split signals real uncertainty about whether the AI memory rally can hold. Advanced Micro Devices is also heavily hedged. Its RSI sits near 73 and bearish options flow ranks second across all US stocks.
MongoDB offered a warning shot. The stock fell 25% into its own earnings print this week. That kind of drop puts the entire high-multiple software space on alert.
JP Morgan raised its price target on Eli Lilly to $1,500 from $1,400. Bears aren't fighting that trend — short interest sits at just 0.8% of free float. On the other end, Melius Research cut to $230 with a Sell rating. The fast food giant faces margin pressure heading into Q4.
Short interest data tells a bearish story in pockets of the market. Wolfspeed remains the most shorted semiconductor name at 81% of free float. Brazilian education firm Afya saw SI jump 17 points in a week to nearly 28%. Meanwhile, Coinbase shorts covered — SI dropped from 13.2% to 10.6%.
NVIDIA board director Mark Stevens filed disclosures showing he sold $411 million in shares across August 31 to September 2. The sales were at roughly $220 per share. That is one of the largest single-director disposals of the year, though the stock has roughly doubled over 12 months on AI demand.
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.
