WS #11211
No material new developments in the last 30 minutes. The previous synthesis remains current: tech rotation out of semiconductors into AI/cloud plays continues, oil de-escalation stable, and META's cloud launch remains the key MAG7 carve-out. No counter-signals or new data points to report.
Topics
Key developments
- Meta Platforms surges 8.8% on AI cloud business launch
- Semiconductor index plunges 6.3%; AMAT CEO sells shares
- Oil prices fall to four-month lows as US-Iran talks progress
- Fed Chair Warsh signals hawkish stance, rate hike expectations for September
- Microsoft planning third major layoff round (up to 5,500 jobs) next week