WS #13802
No material new developments in the last 30 minutes. The dominant Strait of Hormuz narrative remains unchanged and is not refuted by any new counter-signal. Intel's stock offering and Microsoft's AI chip plans were already covered. No new actionable market-moving information has emerged.
Topics
Key developments
- Iran reiterates Hormuz closure until US meets six demands; no active negotiations
- US SPR falls below 300 million barrels, down 6.1M barrels week-over-week
- Intel announces $15B stock offering, stock falls 5%
- Microsoft plans Maia 300 AI chip unveiling in September, TSMC talks for 300k+ units
- Archer Aviation to acquire Boeing's Wisk Aero, SkyGrid, Insitu for 19.75% stake
- Jefferies downgrades Apple to Underperform, PT $263.66
- JPMorgan raises S&P 500 target to 8,000; Dimon warns on margin debt
- Ukraine drone strike on Russian oil refinery kills at least 13