Apple is eyeing chip production partnerships with Intel and Samsung to cut its reliance on TSMC. The report is one of the biggest stories premarket today. It signals a structural shift in the global semiconductor supply chain. Palantir is also in the spotlight. CEO Alex Karp said the firm "cannot meet demand" from US defence clients. The stock has been a key name in options markets, with two-sided bets building across the week.
ServiceNow set a bold target this morning. The company is aiming for $30 billion in subscription revenue by 2030. AI-driven growth is the core thesis. That number would make it one of the largest pure SaaS businesses on the planet.
This week brings over 1,900 companies reporting globally. Cencora is the marquee name on Wednesday. The $59bn drug distributor reports before the open. follows after the close — lithium pricing will be front and centre. wraps up the week on Friday as the largest name globally in this cycle.
Short sellers keep piling into Wolfspeed. SI % of Free Float hit 50.2%, up over 12 points in a month. Availability is almost zero at 2%. Meanwhile, classic squeeze candidates are cooling — Hertz and AMC Entertainment both saw short interest ease over the past month.
In Europe, Barco Co-CEO Charles Beauduin filed a €2.8M personal purchase in BAR on May 4. That's a significant signal from a senior executive. Analyst sentiment in housing and materials names globally remains under pressure, with Lennar targets cut and fertilizer maker Mosaic facing further downgrades on weak potash pricing.
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.
