WS #13157

The dominant theme is a sharp divergence in Big Tech earnings, with Amazon (AMZN) surging ~15% on record cloud growth and raised capex guidance, while Apple (AAPL) fell ~7-9% on supply constraints and weak guidance, entering correction territory. This divergence is corroborated across multiple sources (Bloomberg, Reuters, Seeking Alpha, GDELT). The AI infrastructure trade is stabilizing as Amazon's results ease overspending fears, lifting the PHLX chip index and names like Eaton (ETN) and NVIDIA (NVDA). Geopolitically, the US-Iran conflict is ESCALATING: Iran attacked tankers in the Strait of Hormuz, Houthis forced Saudi tankers to reroute, and oil prices spiked ~2.7% to $85.83 WTI before settling, with Brent above $88. This supports energy names (XOM, CVX) but pressures airlines and consumers. A counter-signal emerged: reports of a proposed Saudi-led maritime defense coalition and a tentative pause in fighting, which helped oil settle down from highs. Additionally, the Fed's Warsh floated reducing the frequency of policy meetings, a hawkish signal that lifted long-end yields to multi-year highs. Bitcoin fell ~2.6% to ~$63k amid risk-off, with a $70M Coldcard vulnerability loss adding crypto-specific pressure. Roblox (RBLX) crashed 27% on its worst day ever, a notable single-stock signal.