WS #8275

The dominant signal in this window is Micron Technology (MU) crossing a $1 trillion market capitalization for the first time, with shares surging 18% on strong AI demand for memory chips. This is corroborated by multiple sources (CNBC, Investing.com, Seeking Alpha, and social media posts) and represents a major milestone for the AI semiconductor theme. The event is escalating the AI infrastructure narrative, with second-order effects boosting other AI-linked names like TeraWulf (WULF) which jumped 13% on a 1 GW Kentucky AI campus acquisition, and Qualcomm (QCOM) which rose on reports of a massive AI chip order from ByteDance. Separately, the US Navy has resumed escorting ships through the Strait of Hormuz under 'Project Freedom,' with a Greek tanker carrying 2 million barrels of crude already transiting. This development counters the prevailing oil supply crisis narrative and should dampen bullish energy bets, as it signals a de-escalation of the blockade. Oil prices and bond yields are sharply lower in response, boosting equities. Bitcoin remains on the sidelines, down ~1% at $76,800, as capital rotates into AI trades. Other notable signals include Eli Lilly (LLY) acquiring three vaccine developers for up to $3.8 billion, and Elbit Systems (ESLT) jumping 11% on an earnings beat with a record backlog. The previous window's themes (Micron crossing $1T, Iran internet restoration, Strait of Hormuz escorts) are carried forward as they remain active and unrefuted.