WS #11732
The US-Iran conflict narrative remains dominant but no new escalation data has emerged in the last 30 minutes. Oil prices continue to edge lower (Brent -1.5%, WTI -1.7%) despite the ongoing hostilities, suggesting the market is pricing in a lower risk premium. The tech/AI narrative persists with no new catalysts. No counter-signals or de-escalation developments have surfaced. The situation is STABLE with no material change.
Topics
Key developments
- US strikes Iranian railway bridges en route to Khamenei's funeral; Iran retaliates with cruise missile attacks on US ships near Bahrain
- Micron accelerates US fab investments to $250B through 2035; Meta plans to double compute to 14GW in 2027
- Applied Materials CEO sees 'tremendous visibility' into AI-driven demand; stock jumps 7%
- Lumentum surges 12.25% on AI optical interconnect catalyst; LITE up 11.6%
- US 30-year bond auction set to draw highest yield in 20 years; mortgage rate rises to 6.49%
- Gold and silver rally on safe-haven demand amid US-Iran tensions
- Meta rolls out Meta Model API at 25% of OpenAI/Anthropic price; Meta plans own AI chip
- Iran deploys Special Forces along Iraqi Kurdistan border; IRGC warns of 'crushing response'