WS #6639
No material new developments in the last 30 minutes. The dominant signals from the previous window (Ted Turner death, EIA inventory, Fed hawkishness, AMD surge, Hut 8 AI deal, Nvidia-Corning deal, US-Iran de-escalation) remain unchanged with no new data points or counter-signals. Markets continue to trade in a stable, slightly risk-on mode.
Key developments
- AMD surges ~19% on earnings beat and massive forecast revision; Barclays raises PT to $500
- EIA crude inventory draw of 2.3M barrels vs. 3.4M estimate, smaller draw may cap oil upside
- Fed's Musalem sees risks shifting toward inflation, reinforcing hawkish expectations
- Lufthansa warns Strait of Hormuz closure will add $2 billion in fuel costs
- Japan to buy additional 20M barrels of UAE oil to bypass Hormuz blockade
- Bumble shares fall 18% after weak Q2 revenue outlook overshadows Q1 earnings beat
- Nvidia and Corning surge on landmark partnership for optical components
- Coinbase to launch 24/7 gold and silver futures