The market's mood this week is split between semiconductor euphoria and broad earnings anxiety. Micron and Sandisk top the bullish options leaderboard. Micron is up 162% year-to-date. Sandisk has gained 558%. AMD is right behind, up 113% in 2026 with RSI at 81 — deep in overbought territory. Options flow says traders are pressing gains. Intel, meanwhile, has risen 197% but put activity is rising. Profit-taking pressure may be building.
The week's biggest earnings event is Cisco on Wednesday, May 13. The $381bn networking giant reports after the close. AI infrastructure demand and guidance will be the focus. Alibaba and also report this week. Analysts have been lifting targets ahead of both prints.
Bears are piling into Wolfspeed — short interest has hit 60.4% of free float with zero availability. No new shorts can enter. Rumble carries a short score of 93.8 with just 0.16% availability. On the insider side, signals are more encouraging. Sportradar CEO Carsten Koerl spent $6.7M buying shares across three filings this week. Upstart founder David Girouard filed a $4.99M purchase. Both founders are backing their own companies with real money.
European stocks are navigating Iran war-related uncertainty. Oil price swings are feeding inflation worries and hurting sentiment. Phillips 66 received a Morgan Stanley upgrade ahead of its Wednesday print. US utilities including DTE Energy and Duke Energy face analyst target cuts. Rate pressure and the energy shock are reshaping sector priorities on both sides of the Atlantic.
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.
