US markets are riding a semiconductor wave. Intel is up 239% year-to-date. Navitas Semiconductor has gained 155%. Options flow is heavily bullish on semis heading into mid-week.
Cisco Systems is the week's biggest earnings event. The $381bn networking giant reports Wednesday after the close. Investors want clarity on AI-driven network upgrades and tariff exposure.
Short sellers are under pressure. Global Payments saw short interest jump 39% in a week to 8.3% of free float. Analyst downgrades are fuelling the bearish conviction. On the other side, Direct Digital Holdings saw its short interest collapse 90% in one week. Bears are covering fast.
Sony struck a near-$4bn deal to buy music rights portfolio. It is one of the largest content deals of the year.
Wedbush's Dan Ives initiated coverage of GM with a Buy rating and a $95 price target. That is roughly 34% upside from current levels.
Wolfspeed remains the most heavily shorted US name. Short interest sits at 59.7% of free float. Available shares to borrow are at zero. Squeeze risk is rising.
European earnings are also active today. French defence group Thales, with a $55bn market cap, reported this morning. German fertiliser maker K+S also posted results.
Insider activity adds colour in the US. Patrick Industries saw five executives buy shares on May 5. Solaris Energy Infrastructure told a different story — over $290m in insider sales filed in under two weeks.
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.
