Broadcom is Thursday's biggest mover. Shares plunged 15% after the chipmaker posted weak AI revenue guidance. The drop is striking given the stock's recent run. Goldman Sachs hiked its target to $525 and sees 30% upside from current levels. Short interest sits at just 1.1% of free float — so this is a pure fundamental reaction, not a squeeze.
CrowdStrike is moving the other way. Multiple analysts raised targets today. Scotiabank lifted its target to $805 and Citizens bumped theirs to $780. The cybersecurity firm carries a $195B market cap. SI is a low 2.97% of free float.
Apple is in focus ahead of WWDC. A top investment bank says the stock could be on the verge of a major AI breakout. The key question is whether Apple can monetise AI at scale.
UnitedHealth received a fresh upgrade from KeyBanc today. The health insurer has had a turbulent few months. Analysts now see recovery potential as the stock finds footing.
On the earnings front, Ciena reports Q2 results this morning. PVH was downgraded by Evercore ISI ahead of its own report today.
Gold replaced US Treasuries as the world's top reserve asset, according to the ECB. Bullion's share of global reserves hit 27%. Central banks are diversifying away from the dollar.
Anthropic filed for a blockbuster IPO. The AI company's move sets up a direct race with OpenAI and SpaceX for investor capital. European defence stocks rallied after Ukraine ratified a $105B EU loan deal. Defense names across the continent gained as the funding framework was confirmed.
Short seller Andrew Left was convicted of fraud. The verdict leaves markets asking where the line sits between commentary and illegal trading.
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.
