WS #6612
No material new developments in the last 30 minutes. The dominant narrative remains the de-escalation of the Strait of Hormuz crisis and the bullish AI-driven tech signals from Samsung and AMD. No counter-signals or new data points have emerged to alter the previous synthesis.
Key developments
- Trump pauses 'Project Freedom' in Strait of Hormuz, cites progress toward Iran deal
- AMD jumps ~15% after hours on strong Q2 revenue forecast and AI server TAM outlook
- China RatingDog Services PMI beats at 52.6 vs 52.0 consensus
- Rivian developing more affordable R2 vehicle variants
- Ukraine hits 400,000 bpd Kirishi refinery in drone attack near St. Petersburg