WS #9143
No material new developments in the last 30 minutes. The dominant themes remain unchanged: US-Iran hostilities escalating, chip selloff continuing, with the SpaceX-Google deal and Citi target upgrade as key bullish counter-signals. No new data points to alter the prevailing narrative.
Key developments
- SpaceX signs $920M/month AI compute deal with Google for 110,000 Nvidia GPUs
- Citi lifts S&P 500 target to 8100, citing AI boom
- Over $1 trillion wiped from chip stocks; Nasdaq down 4.2%
- Ukraine launches massive drone attack on Russian oil depots in St. Petersburg
- Kuwait intercepts Iranian ballistic missiles over residential areas
- Israeli airstrike kills at least six at Gaza wedding
- May NFP blowout: 172K jobs vs 88K est, reinforcing rate hike fears
- Bitcoin under pressure below $60,000; MSTR CEO files to sell $11M in shares