Broadcom remains the day's biggest story. Shares fell roughly 12–15% after revenue guidance disappointed Wall Street. The sell-off wiped an estimated $285 billion from its market cap — one of the largest single-day valuation drops on record. Options desks were flooded with put activity. Short interest sits at just 1.1% of free float. The damage is almost entirely in derivatives, not short books.
CrowdStrike moved the other way. Three analyst firms raised targets sharply — UBS to $790, Citi to $780, Macquarie to $660. The consensus jumped to $684. An earnings beat drove the upgrades. The cybersecurity giant's short interest is a thin 2.97%.
DocuSign beat Q1 estimates and raised guidance. Investors still sold the stock. That pattern — beat-and-drop — reflects a cautious mood in software names right now.
Peloton drew fresh bear attention. Short interest jumped 20.1% in one week to 16.3% of free float. Shares fell 5.4% on Tuesday. Shorts are pressing the fitness brand harder.
Knight-Swift is a split-signal setup. Short interest jumped 26% in a week to 6.6% of float. Yet analysts have pushed the stock up 22% this month with upgrades. Bears and bulls are fighting here. The company also named a new chairman effective June 3.
European stocks slid on Thursday. Defense names bucked the trend — Ukraine ratified a $105 billion EU loan deal, lifting sector sentiment. Oil traded below $100. Separately, Dulux maker AKZO soared after rejecting a $14.5 billion takeover bid.
Oracle reports Q4 results on Tuesday June 10. Adobe follows Wednesday. AI spending trends will set the tone for enterprise tech into summer.
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.
