WS #13136
No material new developments in the last 30 minutes. The dominant AI/semiconductor rebound narrative and the US-Iran conflict escalation remain unchanged, with no new data points or counter-signals to report.
Topics
Key developments
- Apple falls 9% on supply chain constraints and services miss; Siri AI to be paywalled via iCloud+
- Trump threatens increased pressure on Iran; Treasury searches for Iranian assets globally
- Three FOMC members dissented against holding rates, arguing for hikes; Treasury hedging costs soar
- Amazon's AWS backlog explodes to $496B, stock surges 13-14% on AI-driven demand
- Situational Awareness fund collapse from $45B to ~$10B, Citadel buying portfolio, cited as potential AI bottom
- Bitcoin sinks to 2-week lows as US stocks fail to copy Asia rebound; Coldcard issues $38M wallet drain warning
- Reddit (RDDT) plunges on Google AI search threat; Oppenheimer lowers price target to $200
- Coinbase (COIN) falls 13.9% on Q2 miss; Oppenheimer lowers price target to $193