More than 180,000 puts traded in SMH by midday, compared to 50,000 calls, with $46 million of premium tied to puts versus $26 million in calls, according to ThinkOrSwim and SpotGamma data. By volume, 129,000 put contracts look like they were bought, according to SpotGamma.
OpenAI's annualized revenue reportedly fell short of expectations — but analysts say that reflects differences in how the figure is reported, not weakness in AI demand.
Micron Technology shares MU climbed on Wednesday despite broader pressure on equities from higher oil prices and rising Treasury yields, after DA Davidson analyst Gil Luria raised his price target on the memory-chip maker to $3,000 from $2,100. The new target implies roughly 190% upside from the stock's trading level on Wednesday, suggesting Luria expects Micron shares to nearly triple as the c...
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