WS #13132

The dominant theme is a sharp divergence within the Mag7: Amazon (AMZN) surged ~14-15% after a blowout Q2 (revenue $200.6B, AWS +37%, EPS $5.75 boosted by $53.4B Anthropic gain, capex raised to $220B), while Apple (AAPL) plunged ~9-9.5% on a weak forecast (9-11% revenue growth vs ~12% est) driven by memory chip shortages ('100-year flood') and services miss ($30.7B vs $31.2B est). This is a high-significance MAG7 carve-out: AMZN's strength validates AI capex and counters the AI-selloff narrative, while AAPL's supply-chain warning signals broader component-cost pressure. Cross-corroborated across multiple sources (CNBC, AP, Benzinga, GDELT, Bloomberg). Samsung's memory shortage warning (through 2027-2028) and Apple's '100-year flood' comment corroborate a persistent memory inflation theme, bullish for memory names (MU, SK Hynix) but bearish for device makers (AAPL). The US-Iran conflict remains active (IRGC struck tankers in Hormuz, oil >$90 Brent, WTI ~$85), with eurozone inflation rising to 2.9% (energy +10%) and BoE's Huw Pill warning of elevated inflation into 2027, reinforcing a hawkish central bank backdrop. Counter-signals: US Treasury warned banks of possible further yen intervention (dampens yen weakness), and Chevron confirmed CPC pipeline flowing and Tengiz capacity increase (dampens oil supply fears). Other notable moves: Coinbase (COIN) -13.9% on Q2 miss, Roblox (RBLX) -26% on DAU miss, Reddit (RDDT) -23.2% on Google AI search threat, while Monolithic Power (MPWR) +7.3%, DexCom (DXCM) +10.9%, Perella Weinberg (PWP) +17.5% on beats. Tesla (TSLA) reported considering selling China business (WSJ) but Musk denied, creating uncertainty. Overall, the market is rotating from large-cap tech into AI infrastructure/chip names, with the Nasdaq up ~1% but volatile.