The chip rally shows no signs of fading. AMD was the week's standout analyst story. Consensus target prices jumped 30% to $411, with 14 analysts now rating it a Buy. Options flow backed the move, with heavy bullish positioning extending into late July. MU led all US stocks in bullish options bets, with its RSI at a lofty 81.7. SNDK — up 429% year-to-date — ranked second. Questions are emerging about whether semi mania echoes the 2000 bubble, but the near-term flow remains firmly bullish.
Short sellers are active in specific names. Wolfspeed remains the most heavily shorted large-cap, with SI at 52.7% of free float and availability near zero at 2.4%. GME saw short interest jump 2.5 points in a week to 16.3%. carries 37.5% SI with zero shares left to borrow. Across the Atlantic, drew attention today as its cost to borrow surged 1,145% in one week to 8.06% — a dramatic shift worth watching.
Nearly 2,000 companies report this week. Today's highlights include luxury giant KER in Paris and KHC in the US. NRG already posted mixed results — higher revenue but earnings missed. European defence names remain in focus, with Germany's Hensoldt reporting today amid continued momentum in defence spending.
Bill Ackman bought $19M of his own PS fund shares on April 30. CoStar CEO Andrew Florance added $2.4M in CSGP stock. Both filings signal conviction at the top. Meanwhile, RIOT Platforms surged today on crypto tailwinds, adding further fuel to risk appetite across markets.
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.
