US tech stocks fell today as volatility spiked ahead of the SpaceX IPO. Chip names led losses. NVDA options chains show intense near-term hedging activity, with daily expiries clustering across June 15–18 — a rare pattern. Short interest in NVDA is just 1.2% of free float, meaning pressure is coming through derivatives, not stock borrowing.
ADBE dropped after its Q2 earnings. The company beat estimates but announced its CFO is stepping down. Shares stumbled despite the beat. Puts expiring June 12 were the most active — a sharp one-day hedge signal.
Lennar just reported Q2 results. Adjusted EPS came in at $1.31, beating the $1.25 estimate. Revenue of $7.94B missed the $8.02B consensus. The homebuilder beat on profit but fell short on top-line growth. This is a key read on US housing demand.
Gold fell to a six-month low as speculative investors exit the trade. The FT reports bullion is on track for its worst quarter in nearly a decade. Iran war fears, rising US rate expectations, and the SpaceX IPO are all pulling capital away from gold. Meanwhile, copper and aluminium face a "super-squeeze" as Middle East conflict tightens metals supply chains.
DELL saw Silver Lake file over $617M in sales at $397–$403 per share. That is a large institutional exit worth watching. On the short side, Wolfspeed remains extreme at 93% of free float sold short. GME shorts, however, are covering — short interest dropped nearly 2 points to 11.4%.
Venture Global expanded its LNG agreement with Atlantic-SEE. The deal locks in at least 1 million tonnes per year for 20 years from 2030.
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.
