NVDA is dominating headlines again this morning. CEO Jensen Huang outlined a "brand new" $200 billion opportunity in Vera CPUs, directly targeting INTC's home turf. The comments arrive days before Nvidia reports on May 27. Analysts already lifted their consensus target to $283. Options traders are piling into calls. Short sellers have largely stayed away. The AI bull case is gathering speed into next week's print.
Chinese ADRs delivered strong numbers this morning. YMM Full Truck Alliance beat on both EPS and revenue — $0.17 vs $0.12 expected. NetEase crushed estimates too, posting $2.56 adjusted EPS against a $2.02 forecast. Meanwhile, DAO Youdao faces a different problem: short interest utilisation hit 100%, matching its 52-week high. Availability collapsed to just 4.8%. Bears are fully loaded with nowhere to run.
Analyst upgrades this week kept pointing the same direction. NRG and VST Vistra both received target hikes on AI data centre power demand. Semiconductor names ADI and Nvidia saw consensus targets rise too. The bull trade in power and chips is widening.
In Europe, J Jacobs Solutions won a contract with Great British Energy to provide environmental services at the Oldbury nuclear site. The deal underlines growing momentum in UK nuclear infrastructure investment.
NVDA and CRM Salesforce both report next week. Bill Gates filed $162 million in RSG Republic Services purchases. Short squeeze risk remains elevated in WOLF, where 100% of the free float is sold short and zero shares are left to borrow.
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.
