WS #6601
No material new developments in the last 30 minutes. The US-Iran de-escalation narrative continues unchanged, with no new counter-signals or non-dominant-narrative developments. AMD's after-hours surge and Oracle's layoffs remain the only notable corporate actions, but no new data points have emerged.
Key developments
- White House declares war with Iran concluded; Pentagon to withdraw 5,000 troops from Germany
- Trump announces 'Project Freedom' to escort ships through Strait of Hormuz starting Monday
- OPEC+ increases oil production quotas after UAE withdrawal
- AMD surges 8% after hours on Q1 earnings beat, CEO cites 35% YoY CPU server TAM growth driven by agentic AI
- Oracle laying off up to 30,000 employees as it shifts to AI
- Apple settles lawsuit over late Siri AI features for $250 million
- Compass Inc. shares soar up to 21% after hours on stronger-than-expected revenue forecast
- Strategy (MSTR) posts $12.5 billion Q1 loss, misses estimates by huge margin