Dear, let’s quickly check out what happened in the market tonight—with the moonlight as your companion before bed! The four major U.S. stock indices showed mixed performance tonight. The market remained focused on AI, energy, and earnings reports. Investors are eagerly awaiting the latest earnings from tech giants like Alphabet (Google’s parent company), hoping to see if the AI boom can continue driving U.S. stocks higher. However, ahead of these earnings releases, chip stocks overall underperformed, putting pressure on the broader market at open. Meanwhile, tensions in the Middle East have escalated again. The U.S. has expanded its airstrikes against Iran, and neither side has signaled any willingness to resume negotiations. Brent crude briefly surged to $95 per barrel. Rising oil prices have reignited inflation concerns, pushing U.S. Treasury yields to their highest level in nearly two months, while the dollar remained relatively stable. The AI chip rivalry is heating up even further. Just before AMD’s AI conference, NVIDIA announced that its Vera Rubin platform has officially entered mass production, with over 300 partners already deploying it—further extending its lead. AMD isn’t standing still either: it announced a $5 billion investment in AI company Anthropic, doubling down on AI and directly challenging NVIDIA. A sudden development has also emerged in the semiconductor supply chain: A fire broke out at GlobalWafers’ 8-inch wafer plant in Italy, damaging cleanroom equipment and halting production. Fortunately, there were no injuries. The company stated it will reallocate capacity from other global manufacturing sites to minimize impact on customers.