The semiconductor trade is firing on all cylinders. Taiwan Semiconductor forecasts a $1.5 trillion global chip market by 2030. That headline has powered options demand in NVDA and MU — both sit near the top of bullish bets this week. AMAT reports earnings after the close today. It is the biggest US company reporting this week at a $342bn market cap. Expect management commentary on AI-driven equipment demand to set the tone for the sector.
Grocery Outlet jumped over 16% after hours following a strong earnings beat. The discount grocer has just three option expiries available. Call activity is expected to spike at the open. Copa Holdings also delivered, beating Q1 EPS estimates with $5.16 against a $4.61 consensus on $1.05bn in sales.
Bears are making big moves. Wolfspeed saw short interest leap 21 percentage points in a week to 74% of free float. Availability sits at zero — no new borrow exists. Encore Capital is another fresh target. Short interest surged 26.6% in the past week to 6.5% of float after an earnings miss. The stock is down 6.2% week-to-date. Carvana also drew fresh sellers, with SI climbing from 2% to 10.4%.
Quanta Services CEO Duke Austin filed $75M in share sales this week. Coca-Cola CEO James Quincey filed a $15.8M sale. Against that wave, Bill Ackman filed a $15.7M purchase of his own firm Pershing Square — a clear vote of confidence from the top.
Wayfair priced $400M in senior secured notes due 2034 to refinance existing debt.
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