WS #12225

The dominant market-moving signal in this window is the confirmation of Alphabet's (GOOGL) Gemini 3.5 Pro delay, corroborated by multiple sources (CNBC, Bloomberg, Seeking Alpha, social media). GOOGL shares fell ~4% on the news, which also dragged down the broader tech/AI sector, including electrical components stocks and semiconductor names. The US-Iran conflict continues to escalate with a sixth consecutive night of US strikes on Iran, and Iran retaliating against US allies (Kuwait, Jordan). This is keeping oil supply risks elevated, with Brent flipping to backwardation and Chevron exploring a Hormuz alternative pipeline for Iraqi oil. The tech selloff is spreading beyond semiconductors into AI infrastructure plays. A counter-signal emerges: Nvidia's CEO denied Vera Rubin delays, stating production is already at 'gigantic' volumes, which could stabilize NVDA sentiment. Additionally, Trump Media announced a paid API for real-time access to Truth Social posts, which could impact DJT and create a new data monetization stream. The prevailing narrative is tech selloff (ESCALATING) and geopolitical risk (STABLE).