NVIDIA reports earnings Wednesday after the close. It is the most-watched print of the season. AI demand has driven spectacular revenue growth. Options flow shows bulls still outweigh bears heading in. A key options expiry on Friday adds extra urgency.
Google and Blackstone added fuel to the AI trade this morning. The two firms announced a $5 billion joint data centre investment targeting surging compute demand. That is a direct tailwind for NVIDIA and the broader chip sector.
Beyond NVIDIA, Wednesday is packed. Target and Lowe's both report before the open. Both give a direct read on the US consumer. Intuit and also report. The week rounds out with on Thursday.
Short sellers are not standing still. Wolfspeed short interest hit 107% of free float. That is up 36 points in a single week. Borrow costs run at 13.5% APR with zero shares left to lend. Lucid Group sits at 34.4% shorted, up from 27.5% last week.
Micron draws the most bearish options orders among large caps. The stock has rallied 154% year-to-date. Traders are buying short-dated hedges into key May expiries.
On the buy side, General Atlantic filed $32.9M in purchases of Alkami Technology shares over three days. Jared Isaacman added $15.9M of his own capital to Shift4 Payments. Both are concentrated bets from well-informed holders.
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