Ortex Technologies data through Tuesday show short sellers have roughly $15.5bn in unrealized profits since SpaceX’s mid‑June IPO after the share price dropped below the $135 IPO price from a post‑IPO high of $225.64. "There is currently no sign shorts are covering SpaceX positions," Ortex co‑founder Peter Hillerberg said. "If anything, they are adding to them." About 360 million SpaceX shares have been borrowed, roughly 56% of the free float. Last Friday Elon Musk said companies holding large,

Intel is expected to report after the U.S. close on Thursday, supported by strong AI chip demand. FactSet consensus: Q2 adjusted EPS $0.22, revenue $14.4bn. Canaccord analyst Srini Pajjuri said: "We expect server CPU unit sales to remain in double-digit growth for the year." Planned layoffs in Intel’s data-center unit could draw investor attention. Analysts will also watch for disclosures on a potential new customer, Apple — May reports said Apple and Intel reached a preliminary agreement for Intel to manufacture some chips for Apple devices. On June 18, former President Trump posted that Apple had agreed to work with Intel to design and make chips in the U.S. Intel’s results and guidance will be key to timing of sustained chip demand; market concerns remain.

Brazil's trade minister said Brazil will impose reciprocal countermeasures on the United States if necessary.