Memory chip stocks sit in focus today. Micron is at the center of it. Automakers and retailers warned that chip shortages could cause "significant and sustained" price hikes. Options traders are actively positioning around near-term volatility, with expiry dates packed through September.
Meta made headlines with a new AI monetisation push. Reports suggest the company plans to charge up to $200 a month for its planned "Hatch" AI agent. That signals a major step toward commercialising its AI investments.
Marvell Technology is on a run not seen in 25 years, according to MarketWatch. Its short interest sits at just 3.7% of free float. Options flow leans bullish.
Analysts upgraded Palo Alto Networks to Buy, with a new target of $340 from Citigroup. The stock dipped post-earnings but short interest remains low at 3.3% of free float.
Short sellers are piling into Chewy and . Chewy's SI hit 57.9% of free float. Dave saw the biggest weekly jump — up 13.7 points to 30.4%.
European stocks slid Wednesday. Defense was the exception. The EU's $105 billion loan deal with Ukraine, now ratified, pushed defense names higher.
Dulux-maker Akzo Nobel soared after rejecting a $14.5 billion takeover bid. The paint giant's board held firm on valuation.
Gold displaced US Treasuries as the world's top reserve asset, according to the ECB. Bullion now accounts for 27% of global reserves. That reflects continued central bank diversification away from the dollar.
Anthropic filed for what could be a blockbuster IPO. The move sets up a race with OpenAI and SpaceX. It will test Wall Street's appetite for AI-only names at scale.
Oracle reports Q4 fiscal 2026 results on Sunday after the close. Cloud revenue growth and AI infrastructure commentary will be the key focus.
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.
