WS #12713
No material new developments in the last 30 minutes. The dominant narrative remains unchanged: US-Iran tensions and oil market disruption with tentative de-escalation signals, while tech faces AI spending concerns offset by Nvidia's bullish commentary. No new data points to alter the previous assessment.
Topics
Key developments
- Iran's IRGC fires on four ships in Strait of Hormuz; Houthis attack Saudi oil facilities
- Trump threatens large-scale attack on Iran but signals openness to talks
- Nvidia CEO Jensen Huang denies AI chip bust, says demand is 'industrially driven'
- Alphabet reports first-ever quarterly cash burn of $5.9B due to AI spending
- Intel beats earnings but falls 8% on $20B+ CapEx guidance
- Trump threatens tariffs on EU over tech fines; imposes new 10% tariffs on 60 countries