WS #12807

The dominant narrative of US-Iran de-escalation remains stable, with oil prices dropping 5% per CoinDesk and Brent crude falling below $90 after a halt in US strikes. However, a new high-signal development emerged: Nvidia is investing $1 billion in Naver for a 4.5% stake as part of a $10 billion AI infrastructure package, confirmed by GDELT and Seeking Alpha. This is a bullish signal for AI infrastructure and Nvidia's strategic partnerships. Separately, Michael Burry disclosed he ramped up chip shorts, including Nvidia and Micron, per Seeking Alpha, creating a bearish counter-signal for the semiconductor sector. The Strait of Hormuz zero-transit data from the previous window carries forward as an ongoing bearish oil supply chain signal, though oil prices are already down. The9 named George Lai CEO, a positive for NCTY but small-cap. Overall, the Nvidia-Naver investment and Burry's chip shorts are the most actionable signals for markets in this window.