WS #9449

The US-Iran conflict continues to escalate with fresh strikes: Iran attacked US bases in Bahrain, Kuwait, and Jordan after the US shot down an Iranian drone and struck Iranian targets following the downing of a US Apache helicopter near the Strait of Hormuz. The narrative arc is ESCALATING. Ukrainian drone strikes hit Sevastopol museum and key Russian oil refineries (Kuibyshev, Vtorovo pumping station), adding to Russian oil infrastructure damage. TSMC May revenue jumped 30% on AI chip demand, a positive signal for NVDA and AMD. Oracle's AI story has 91% Polymarket odds of growth commentary ahead of earnings. ECB is expected to hike rates on Thursday due to energy price-driven inflation. SoftBank shares fell 9% in Asia, continuing the tech selloff. Nike was downgraded by RBC on slower turnaround. WH Smith stock is plunging on profit warning and share placement. SpaceX plans space-based AI computing demo by 2027. Xpeng CEO to helm robotics unit. Ming Shing Group surged 200% after hours on graphene acquisition. The dominant theme remains the escalating Iran conflict with oil price implications, countered by no de-escalation signals. Tech faces mixed signals: TSMC's strong revenue supports AI infrastructure, but SoftBank's decline and Nike downgrade suggest weakness in certain sectors.