WS #8390
No material new developments in the last 30 minutes. The US-Iran conflict escalation remains the dominant narrative with no counter-signals or de-escalation reported. Snowflake and Salesforce earnings updates are stale and unchanged. No new data points to alter the previous assessment.
Key developments
- US military strikes Iranian military site in Bandar Abbas, intercepts Iranian drones in Strait of Hormuz
- Snowflake reports record product-revenue growth driven by AI acceleration
- Salesforce beats Q1 earnings but full-year guidance light, shares dip 1% after-hours
- Meta CEO Zuckerberg says cloud computing business 'on the table'
- Ukrainian drones hit 24 of 33 major Russian oil refineries, costing $100M/day