WS #8273

The dominant signal in this window is Micron Technology (MU) crossing the $1 trillion market capitalization milestone for the first time, with shares surging 18% to $886 following UBS more than tripling its price target. This is corroborated by multiple sources including Reuters, Benzinga, and social media posts, marking a high-significance MAG7-adjacent development driven by AI memory demand. Separately, internet access is partially restoring in Iran after a three-month blackout, as reported by BBC and Netblocks, which could signal de-escalation in the Iran crisis. However, US Navy vessel escorts in the Strait of Hormuz under 'Project Freedom' continue, and Israeli airstrikes on southern Lebanon were reported, indicating the geopolitical situation remains fluid. The Dallas Fed Manufacturing Index improved to 0.4 from -2.3, a positive economic data point. Other notable items include a federal court blocking Alabama's congressional map (political, limited market impact), and a large AMD options block ($101.92M premium) suggesting institutional neutral positioning.