Tonight's reports dominate the tape. Snowflake stole the spotlight after posting a sharp AI-driven earnings beat. Analysts called Q1 2026 "a clear inflection point." The stock soared and options traders piled into calls. Short interest sits at just 5.1% of free float — little ammunition for a short squeeze, but momentum is clearly with the bulls.
HP Inc. delivered Q2 results that beat estimates. The stock finished mostly flat. Synopsys grabbed its own headlines — not just from earnings, but from a settlement with activist investor Elliott Management. Elliott's Jesse Cohn joins the board under a standstill agreement. That's a notable governance shift at a $90B+ EDA software firm.
Fed Governor Cook warned today that inflation risks are tilted to the upside. She left the door open to rate hikes if disinflation stalls. SPY options traders absorbed the signal quickly. The statement adds fresh uncertainty heading into Wednesday, when , , and all report.
Six Flags Entertainment saw its cost to borrow surge 171% in a single week to 0.85%. Short interest stands at 18.2% of free float. Bears are building pressure fast. Wolfspeed remains the extreme case — SI above 118% of free float with near-zero availability.
Across the Atlantic, a chipmaker ETF tied to AI excitement hit $10bn in assets in record time. The ECB warned that private-credit funding for AI poses systemic risk if the technology fails to deliver. Fertiliser producers are cutting output as Iran tensions squeeze sulphur supplies — a ripple effect hitting global agricultural inputs.
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.
