WS #12919
No material new developments in the last 30 minutes. The dominant narrative remains unchanged: tech selloff driven by AI spending concerns and Chinese competition, partially offset by Apple's $5 trillion market cap and declining oil prices on US-Iran de-escalation hopes. No new counter-signals or non-dominant-narrative developments detected.
Topics
Key developments
- Apple becomes second ever $5tn company as investors flee AI stocks
- Oil prices plunge 5%+ on Iran diplomacy optimism despite Houthi attacks
- Nvidia CEO Jensen Huang meets Commerce Secretary Lutnick amid China chip scrutiny
- Magna secures 800-volt electric drive program award with Chery
- Nasdaq 100 enters correction as semiconductor rout deepens