US futures are rising Tuesday following a tech-led rally. CRM Salesforce, MRVL Marvell Technology, SNPS Synopsys, and HPQ HP Inc. all report after the close today. The results are a key test for AI-driven revenue across software and chips. COST Costco also reports tonight — a closely watched read on consumer health.
TSM Taiwan Semiconductor hit a 52-week high today. AI demand from NVDA Nvidia and AAPL Apple continues to drive orders. Semtech surged after Q1 results beat estimates. Analysts raised price targets across the board.
HOOD Robinhood is drawing fresh options interest. The company unveiled AI-powered stock trading features today. Short interest sits at just 4.2% of free float. Near-term call activity spiked on the news.
Short sellers continue to press WOLF Wolfspeed, with SI at 118.8% of free float. ZS Zscaler is in focus after Rosenblatt cut its price target to $200 while maintaining a Buy rating.
The ECB issued a fresh warning today. It said the private-credit-fuelled AI boom poses risks to financial stability. The central bank flagged investor exposure if AI fails to meet expectations. A chipmaker ETF tied to AI excitement reached a $10 billion valuation in record time — context that makes the ECB warning timely.
The UK imposed sanctions on crypto exchange Huobi, citing ties to Russia sanctions evasion. UK software investor Hg struck its first buyout deal since the SaaS market downturn — a $500M acquisition of a rights and royalties management company.
Wednesday brings DLTR Dollar Tree, ADSK Autodesk, NTAP NetApp, and Canadian banks RY Royal Bank and TD TD Bank. A heavy week for earnings is only getting started.
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.
