WS #12221
No material new developments in the last 30 minutes. The dominant US-Iran escalation narrative remains unchanged, with no counter-signals or de-escalation reported. The AI capex debate and upcoming hyperscaler earnings continue as the next key catalysts. No new data points to update the previous synthesis.
Topics
Key developments
- US conducts fifth consecutive night of strikes on Iran; conflict escalates
- TSMC beat-and-raise but stock falls ~5%; AI hardware selloff deepens
- Google Gemini 3.5 Pro launch delayed
- Fed's Logan favors modestly higher rates
- US grocery units sold down 1.8% YoY; consumer spending slowdown
- Abbott raises 2026 EPS outlook to $5.45-$5.60
- State Street beats earnings; AUM hits $6.3T
- Crypto.com valuation hits $20B after Citadel Securities investment