WS #9344

The dominant signal in this window is the confirmation of OpenAI's confidential S-1 filing for an IPO, corroborated by multiple sources (Al Jazeera, Hacker News, TechCrunch, and a direct Bluesky post). This follows Anthropic's filing last week and sets up a potential trio of trillion-dollar AI IPOs (OpenAI, SpaceX, Anthropic) that will test investor appetite for high-growth tech. The narrative is ESCALATING as more details emerge. Separately, a 6.1 magnitude earthquake struck offshore Cuba, shaking buildings in Havana, but no major damage or market impact has been reported yet. Oil prices remain steady as the Iran-Israel ceasefire holds, with Brent crude at $94.25. South Korea revised Q1 GDP up to +3.8% Y/Y vs +3.6% prior, a modest positive for Korean equities but not US market-moving. Chip stocks had a strong day: INTC +11% on Google AI chip commitment, ASML +6.5%, AMAT +8.6%, SOXX +5.9%, but this is a carry-forward from earlier sessions. No new counter-signals to the prevailing AI IPO narrative.