Wednesday, July 08, 2026. Iran ceasefire implodes — US strikes after tankers hit in Hormuz, oil spikes, stocks slide. Nvidia gets a boost from Perplexity’s Vera CPU bet, while DeepSeek plans its own A

Trump says Iran truce is over, threatens to hit hard tonight. Tankers struck in the Strait of Hormuz, US launches powerful response. Blockade odds jump, crude surges — geopolitical risk is repricing fast, and markets are on edge. Perplexity calls Nvidia’s Vera CPU a “dead-on fit” — 1.5x faster in agentic coding. NVDA +3.5% but barely above where Cramer said buy. Sambanova raises at $11B valuation, the alt-chip trade heats up. AMD might close the gap faster than the Street thinks. DeepSeek is reportedly building its own AI chip to lean less on Nvidia and Huawei. If that gets real, it’s a direct hit to NVDA’s China story — not sure people appreciate how fast that risk is creeping in. Fed quietly dropped commercial paper data. Not a market mover, but a good signal — more transparency into funding markets. Worth watching CP rates if the risk-off mood sticks. So what: Geopolitical shock lands just as AI chip hype was lifting semis. Oil squeeze crushes risk appetite. If Iran escalates in

Trump says Iran truce is over, threatens to hit hard tonight. Tankers struck in the Strait of Hormuz, US launches powerful response. Blockade odds jump, crude surges — geopolitical risk is repricing fast, and markets are on edge.