WS #5828

Multiple high-significance developments in this window. First, Intel (INTC) reported Q1 earnings that beat expectations, with revenue of $13.6B (+7% YoY) and strong Q2 guidance, driven by AI and data center demand. The stock surged ~28% pre-market. This is a major positive signal for the semiconductor sector and tech broadly, countering any bearish macro narratives. Second, Trump threatened a 'big tariff' on the UK unless it drops its digital services tax on US tech firms (AAPL, GOOGL, META). This introduces new trade friction with a key ally, adding to geopolitical uncertainty. Third, the US-Iran conflict continues to escalate: 3 US carriers are now in CENTCOM near Iran, Pakistan confirms a second round of US-Iran talks is in the works, and oil prices remain elevated (Brent above $105). The IEA warned of a tight LNG market through 2027 due to the Hormuz blockade. Fourth, DeepSeek released its V4 AI model, claiming performance comparable to OpenAI and Google, which could reignite competition concerns for US AI leaders. Fifth, Netflix announced a $25B share buyback after failing to acquire Warner Bros, signaling confidence. Sixth, Siemens Energy raised its profit guidance and became the third most valuable DAX company, reflecting strong demand for energy infrastructure. Seventh, the EU is discussing mutual defense clauses and energy crisis measures, with Spain potentially facing NATO suspension for lack of cooperation in the Iran conflict. Eighth, Indian markets crashed (Sensex -1000 pts) on oil price fears and FII selling. Ninth, Polymarket's valuation surged to $9B after a $2B investment from ICE, highlighting growing interest in prediction markets. Tenth, Rheinmetall reported 350,000 job applications and 40% growth, underscoring the defense spending boom.