WS #13117
No material new developments in the last 30 minutes. The dominant AI-driven tech rally narrative remains ESCALATING, with Amazon and Microsoft earnings confirming AI capex translation into revenue. Apple remains the MAG7 carve-out, down on weak Q4 guidance. Energy is two-sided with Exxon miss and Chevron beat, oil prices falling. US-Iran conflict is stable-to-de-escalating. No counter-signals or new data points to report.
Topics
Key developments
- Microsoft posts record one-day gain, Azure growth and capex discipline ease AI spending fears
- Amazon Q2 beats on AWS strength, raises capex to $220B
- Apple falls 7-8% on weak Q4 guidance due to memory chip shortages and AI-driven capacity crunch
- Tesla faces NHTSA probe and China separation rumors ahead of potential SpaceX merger
- Chevron beats Q2 on record US production, Exxon misses despite highest profit in 4 years
- Iran strikes tankers in Strait of Hormuz and US base in Kuwait, but oil prices ease
- Ceuta migrant crisis escalates: 60,000 cross, death toll rises to 34
- Eurozone CPI accelerates to 2.9%, core 2.5%, reinforcing ECB September hike expectations