WS #13107
No material new developments in the last 30 minutes. The dominant AI/tech rebound narrative remains intact with no new data points, and no counter-signals or de-escalations have emerged to alter the prevailing market view.
Topics
Key developments
- Microsoft's record $450B market cap gain and Amazon's AWS strength validate AI infrastructure spending, driving global semiconductor rally
- Apple drops ~6% after hours on supply chain constraints and memory chip pricing, wiping out ~$390B
- US-Iran conflict escalates with strikes on Kuwait, Egypt, and Lebanon, but oil prices ease as Hormuz traffic recovers
- Trump announces phased Hamas disarmament deal, but neither side confirms, creating uncertainty
- Yen surges on suspected intervention, but gives back gains; BOJ holds rates and revises inflation forecast down