Tuesday, July 07, 2026

Iran attacks commercial tankers in the Strait of Hormuz — the ceasefire is all pause, no progress. Samsung blows out Q2 with a $58.4B operating profit. Nvidia whipsaws on a Kyber server delay rumor, denies it, and barely turns green. Geopolitics: The US-Iran truce looks like a placeholder while tankers get hit. Oil markets are starting to split, crack spreads signal physical tightness but paper is falling. Not sure people appreciate how quickly this can escalate. Earnings: Samsung’s $58.4B quarter is a massive AI demand signal. HBM and advanced packaging are the real bottlenecks — this print says hyperscalers are still spending hand-over-fist. Tech/AI: Nvidia’s denied delay is a reminder that the supply chain narrative is fragile. Arista is popping up as the big winner if Big Tech tries to break Nvidia’s grip. Chinese lidar with Nvidia ties called a cyber risk — that’s a new front in the chip war. Macro/Rates: Futures slip as Fed minutes and earnings season take over. 10-year yield

Iran attacks commercial tankers in the Strait of Hormuz — the ceasefire is all pause, no progress. Samsung blows out Q2 with a $58.4B operating profit. Nvidia whipsaws on a Kyber server delay rumor, denies it, and barely turns green.