AVGO remains the week's biggest story. Shares fell roughly 15% after revenue guidance disappointed, wiping an estimated $300bn from its market cap. Options desks flooded with puts on the June 18 chain. Analysts are divided — JP Morgan raised its target to $580 while Macquarie downgraded to Neutral at $437. Short interest sits at just 1.1% of free float. The damage is almost entirely options-driven, not short books.
JPM shares rose today as investors rotated out of mega-cap tech. The move follows weakness across the sector. MSFT drew fresh analyst attention, with one firm arguing the market is undervaluing the stock relative to peers AAPL and NVDA.
TEM short interest surged 32% in one week to 20.4% of free float. The stock fell 4.3% today. Borrow is tight at 28.9% availability. ROKU saw an even sharper jump — short interest soared 49.4% in a week to 7.9% of float. The stock dropped 3.9% on the day. Availability is extremely high at 4,314%, meaning short sellers face no borrow constraints.
CIEN reports Q2 results today. ORCL headlines next Wednesday. On the insider front, over $230M in CRWV stock was sold by director Jack Cogen following the AI cloud firm's IPO. AMZN is pushing ahead, launching a next-generation robotics expansion across Europe despite the broader tech slump.
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