Tech Weekly, MU Buy-side Bars, Global Strategy (AI Trade Volatility?), COHR, News

Research evidence excerpt

Tech Weekly, MU Buy-side Bars, Global Strategy (AI Trade Volatility?), COHR, News

he Strait of Hormuz will be closed.

However, the negotiation progress since Sunday afternoon has been generally positive: overnight, Iran said there had been “major

progress” in all-night discussion with the US, per BBG. Pre-market, all Mag 7 are lower with TSLA (-1.4%) and GOOG/L (-

1.6%; Google’s DeepMind VP John Jumper is leaving the company to join Anthropic, per BBG) being the biggest laggards. Bond

yields are 2-4bp higher; USD is largely unchanged. WTI crude fell $-0.58 to $75.27. Gold and silver are higher.

EU/UK: Major markets are mostly lower; Italy lagged. Keir Starmer resigns as UK PM; the new Labour Party leader will be in

place by September. Thematically, Semi, Electrification and Momentum Long are among the top performing baskets, while

Defence and Luxury lagged. Stocks are mostly higher across Asia indices. UKX -0.0%, SX5E -0.1%, SXXP -0.2%, DAX -0.2%.

CSI +2.4%, HSI -0.7%, NKY +1.5%, ASX -0.1%, KOSPI +0.7%.

News & Reads

• Amazon in Talks to Sell Chips in Bid to Undercut Nvidia. Amazon's AI chief, Peter DeSantis, said the company has begun

discussions with potential customers, but declined to name them - Bloomberg

• Google and MediaTek Deepen TPU v9 Collaboration with Upgraded Triggerfish, Targeting AI Agents, Reinforcement

Learning, and Effective Compute Maximization. MediaTek has exclusively secured Google’s Triggerfish TPU order — a 1-

2 million unit deal priced ~30% above its predecessor — solidifying its status as Google’s preferred partner for next-gen AI

silicon. This chip is a v9 variant with stronger inference capabilities (2-3x the SRAM capacity, a new simulation die and

HBM4E memory) that can help mitigate both the CPU wall and the memory wall.