WS #12135
No material new developments in the last 30 minutes. The dominant themes from the previous synthesis remain unchanged: tech weakness (IBM, MU, SpaceX) and rotation into financials, with Apple's China AI approval as a bullish counterweight. No counter-signals or de-escalation detected.
Topics
Key developments
- IBM stock plunges 25% after weak Q2 pre-results as spending shifts to AI hardware
- Apple Intelligence approved for launch in China with Alibaba's Qwen AI integration
- SpaceX stock sinks below $135 IPO price for the first time
- Micron extends losses to -10% with $110B market cap erased in a single day
- US PPI drops 0.3% in June, below expectations, supporting disinflation narrative
- Fed Chair Warsh says markets should respond to real economy, not Fed
- BlackRock signals $5.7B in 2026 capital returns with record Q2 results
- JPMorgan posts record Q2 earnings, analyst raises price target