Semiconductor stocks drove a sharp rebound on Monday. NVDA and INTC led gains as AI-linked shares resumed their run. Intel and Micron were among the session's biggest winners. Options flow confirmed the bullish tilt — call positioning in chips has been building all week. NVDA's short interest remains low at 1.26% of free float. Bears are not pressing the trade.
That said, insider filings tell a more cautious story. NVDA director Mark Stevens filed $221M in share sales on June 2 and 4. Silver Lake filed $255M in DELL stock on June 4 and 5. The Walton Trust trimmed WMT by $184M. Big money on the inside is locking in gains even as prices push higher.
Oil jumped after Iran missiles threatened the fragile Middle East ceasefire. Traders fear fresh escalation could return the region to all-out conflict. The moves added uncertainty to energy markets just as European drivers were already cutting fuel consumption. Eurozone fuel sales posted their biggest year-on-year drop since October 2023.
European stocks slid broadly but defense names bucked the trend. Ukraine ratified a $105 billion EU loan deal, lifting defense sector shares. UK paint maker AkzoNobel soared after rejecting a $14.5 billion takeover bid.
Wednesday brings ORCL Oracle's Q4 results — the $615 billion cloud giant with just 2.1% short interest. Thursday, ADBE Adobe follows. Bears are more cautious on Adobe, with 4.8% SI. Both reports will test whether AI spending promises translate into revenue.
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.
