Markets Juggle AI Scepticism, Macro Wobbles, and Big Earnings

US: AI Doubt Meets Insider Exits

AAPL is under pressure today. Apple and Brussels are blaming each other for delays to the EU rollout of Siri AI. That's bad timing. Short interest on Apple already crossed 1% of free float for the first time in months. Bears are clearly not waiting for resolution.

CRWV keeps appearing across data types. Short interest rose to 18.4% of free float this week. A director filed $230M in sales. Despite the broader AI rally, bears are building positions in CoreWeave while insiders cash out.

NVDA had a rough patch too. Short interest spiked to 1.28% of FF on May 27, worth roughly $63B. A director filed $221M in sales near all-time highs. Chip stocks rebounded Monday, giving bears some pain.

DELL saw $694M in sales filed by Silver Lake, its 10% owner. The trades spread across June 2–4. That's the single largest insider transaction this week.

Retail sales came in strong. The Redbook index rose 9.1% year-on-year for the week ending June 6. That's a solid consumer backdrop heading into Tuesday's Oracle earnings.

JNJ got a boost. The UK regulator approved its nipocalimab treatment for myasthenia gravis. That's a meaningful label expansion for Johnson & Johnson.

Stellantis faces a recall of over one million Jeep vehicles due to fire risk.

Europe: Defence Rallies, AI Tensions Spill Over

European stocks are mixed today. The Apple-EU standoff over Siri is adding friction. Defence stocks rallied after Ukraine ratified a $105 billion EU loan deal. European chipmakers tracked Wall Street's rebound earlier in the week.

BT Group posts full-year 2026 results Wednesday. The UK telecom is one of the week's key European earnings events to watch.