Iran war fears are shaping global sentiment. European stocks closed higher today but remain volatile. Defense names slid as peace talks stalled. Gold is heading for a weekly loss. Oil prices are feeding inflation worries. The yen jumped on fresh Japanese intervention threats.
Cisco Systems reports Wednesday after the bell. It is the week's biggest US earnings test. Analysts will probe AI infrastructure demand from the $381B networking giant. Applied Materials follows Thursday. The chip equipment leader faces scrutiny on export controls. In semiconductors, NVDA, AMD, and MU are seeing two-sided options flow. Bears and bulls are both active. All three carry RSI readings above 80 — technically stretched.
Siemens and Deutsche Telekom report Wednesday morning. Combined, they represent nearly $400B in market cap. Vodafone kicked off European telecoms earnings today. Separately, a US fund threatened to divest its stake in TotalEnergies over the French major's exit from offshore wind — a sign of growing ESG pushback.
Wolfspeed short interest hit 59.7% of free float, up 9 points in a week. Zero shares remain to borrow. Elsewhere, ALCLS borrow utilization reached 90%, with cost to borrow at 312%. OCS cost to borrow doubled in one week as the stock rallied 19%.
CoreWeave saw a 10% owner file over $170M in sales this week. The AI firm only went public in March. Apple Chairman Arthur Levinson filed $71M in sales on May 6. On the buy side, Sportradar CEO Carsten Koerl filed $6.7M in purchases across three days — a clear show of confidence.
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.
