NVDA Nvidia and SMCI Super Micro absorbed DOJ charges overnight. Three men face prosecution for allegedly smuggling AI chips to China violating export controls. SMCI stock plunged 12% after hours as the scandal erupted.
The charges hit as Nvidia sealed a massive AWS deal. The chip giant will deliver 1 million AI processors to AMZN Amazon by 2027 supercharging cloud infrastructure. The multi-chip agreement stood as the largest public AI hardware commitment yet.
Bears piled into SaaS names this week. CRM Salesforce SI exploded 6.6 points in three days hitting 10.3%. The $183B software giant absorbed the most dramatic short surge among major stocks. News outlets called it a "SaaSapocalypse" as ADBE Adobe and SNOW Snowflake faced similar pressure.
TNGX Tango Therapeutics held the highest SI at 72.5%. The $2.7B biotech rocketed 121% in three months yet cost to borrow stayed below 1%. Avis Budget ranked second at 55.7% with 17.7 days to cover showing extreme bear conviction.
HTZ Hertz reached 50.2% SI with availability at just 0.05%. The rental car operator faced severe borrow constraints. HIMS Hims & Hers hit 42.6% despite falling 29% quarterly suggesting persistent skepticism.
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.
