My short squeeze watchlist is on the move today, with many tickers showing large percentage moves at the open. There are many key names in AI infrastructure, crypto miners, and tech plays, with high short float (over 10%) that are on the move. Any time a ticker has this combination, and then on top of that, has a squeeze (consolidation ready to breakout), they become my top tickers to watch.
Add in high volume and catalysts like earnings or news, they can really get going! Tickers that have too much overhead resistance generally don’t result in squeezes that follow through, whereas tickers closer to previous highs, especially all-time highs, can go a lot farther.
Check out my Watchlist today:
NBIS
NBIS is up the most on the day, and with a positive reaction to Oracle (ORCL) earnings, plus a higher than average volume breakout and move above previous highs. Typically, when a high short float ticker (21% short float) breaks above a previous high where we have resistance, that is the spot where the short sellers end up buying to cover. This high volume buying causes more upside in the name. My next targets are $120-135.
AI Infrastructure
Many of these (like IREN, APLD, WULF, CIFR, HUT, CLSK) are in the mining/AI infrastructure space, where shorts are piled on. This is very typical for companies without consistent earnings in a new and expanding space. Volatility is typical in the short-term, but short squeezes provide volatility and short-term trading moves.
Here’s a quick breakdown based on their current business focus:
- IREN (Iris Energy): Heavily pivoting to AI cloud infrastructure. They’ve secured a $9.7B multi-year deal with Microsoft for AI data centers, purchased 50,000+ Nvidia GPUs, and aim for 150,000 GPUs total, with AI cloud revenue projected at $500M+ run-rate by early 2026.
- APLD (Applied Digital): A leader in digital infrastructure for AI/HPC. They’ve signed multibillion-dollar colocation deals with CoreWeave (e.g., $5B+ for 600MW) and others like Together AI, focusing on purpose-built AI data centers alongside
- WULF (TeraWulf): Expanding into AI hosting with 10-year deals worth up to $8.7B (e.g., 200MW with Fluidstack, backed by Google). They’re repurposing mining sites for AI compute, with a pipeline toward 1GW+ capacity.
- CIFR (Cipher Mining): Betting big on AI/HPC with 10-year deals (e.g., 168MW with Fluidstack for ~$3B). Institutions are favoring them for AI-ready infrastructure, though still tied to mining. HUT (Hut 8): Transitioning to AI via data centers, with gains tied to the broader AI infra narrative. They’re expanding HPC capabilities, though less aggressive on deals compared to peers. CLSK (CleanSpark): Shifting from pure mining to AI data centers, using renewable energy assets for AI workloads. They’ve announced expansions into AI hosting, similar to peers’ pivots.
This trend is huge in 2026—miners are sitting on 30GW+ of power pipelines, but AI deals are unlocking 10x valuations vs. crypto alone.
Look Ahead: Key Events This Week
Oracle (ORCL) reported earnings yesterday after the bell, and the stock is popping after the report. This is a positive sign for the market, and bodes better for Adobe (ADBE), which reports on Thursday. However, the key with these post-earnings moves is how high they can go, and how much resistance they can break on that move.
If Iran tensions ease, we might see a relief rally – but stay nimble on that oil uncertainty. Sudden and extreme spikes in oil cause uncertainty and typically pullbacks in equities.
Trade smart,
VP of Options, Simpler Trading
