WS #7241

The dominant signal in this window is the escalating Ryan Cohen / GameStop activist campaign against eBay (EBAY). Multiple sources (Reuters, Piers Morgan interview) confirm Cohen has requested a board meeting, called eBay directors 'losers,' and stated shareholders deserve to evaluate his offer. This is a high-significance activist event that could drive EBAY volatility. Separately, Cerebras Systems has priced its IPO at $185 per share to raise $5.55 billion, a key data point for the AI chip sector. The Strait of Hormuz crisis remains ongoing but no new escalation data emerged; the narrative is stable. Gold is declining on rising US inflation and rate-hike bets, per Bloomberg. NVIDIA appointed a new CAO (Intel veteran Scott Gawel), a routine filing. Oklo filed a $1B ATM equity offering tied to Meta and NVIDIA AI demand, signaling capital needs for AI infrastructure. The S&P index changes (SharkNinja to MidCap 400, etc.) are index-rebalancing signals. Overall, the Ryan Cohen-EBAY activist campaign is the highest-signal development.