WS #1089

The data window reveals a continued focus on geopolitical tensions and AI/technology developments, with specific corporate actions adding to the mix. Geopolitical risks remain elevated, as multiple sources (BBC, Al Jazeera, jetstream) report on the Strait of Hormuz closure due to US-Iran tensions, with Trump criticizing NATO allies for lack of support, which could drive oil price volatility and impact energy sectors. This is corroborated by a Nikkei article noting rose price spikes in Japan due to Middle East disruptions, indirectly signaling broader supply chain effects. Concurrently, AI/technology momentum persists with Uber expanding its autonomous vehicle partnership with NVIDIA, reported by pro-wire and jetstream, indicating bullish sentiment for NVDA and UBER, with potential spillover to TSLA and LYFT. Corporate developments include Impinj's debt repurchase of $40.2M in convertible notes, which may reduce financial pressure and support PI stock, and PLAYSTUDIOS' weak Q4 earnings and lack of guidance, likely bearish for its sector. Other items, such as routine SEC filings and social media noise, provide minimal immediate market impact.