WS #14185

The dominant US-Iran/Hormuz conflict and AI-driven bond yield surge narratives remain unchanged, with no counter-signals or de-escalation observed. All other previously noted developments (Berkshire's Alphabet purchase, Microsoft's Maia 300 chip plans, Workday/Silver Lake talks) are unchanged and already reflected in prior synthesis. This window carries 5 key development(s), 3 at significance:high: AI spending surge but profit gains elusive, Goldman says; Berkshire Hathaway boosts Alphabet to third-largest holding; Microsoft plans to scale Maia 300 chip to 300k+ units by 2027. A further 2 development(s) sit below significance:high.