NVIDIA Deals Dominate as Iran Missiles Rattle Markets

AI Infrastructure in Overdrive

NVDA CEO Jensen Huang arrived at Computex with a deal blitz. Overnight, NVIDIA locked in a multiyear memory partnership with SK Hynix. It also announced gigawatt-scale AI cloud projects with SK Telecom and South Korea's NAVER. The deals extend beyond two years and cover next-generation AI memory and semiconductor design. NVIDIA's director Mark Stevens filed a $221M share sale this week — but the deal flow underlines why bulls remain in control of the stock.

Iran Strikes Break Ceasefire

Iran launched missiles at Israel for the first time since the April ceasefire. Oil jumped on the news. US futures fell. South Korea's KOSPI dropped over 5% as AI-linked tech names followed Wall Street lower. The attack raises geopolitical risk across energy and defense markets. A magnitude 8.2 earthquake also struck the Philippines overnight, adding to Asia-Pacific instability.

Airlines Warn on Profits

An industry group signalled a sharp drop in airline earnings. DAL, UAL, and LUV were all cited. Rising costs and softening demand are squeezing margins. This comes ahead of a busy travel season and adds pressure to stocks already dealing with fuel price volatility from the Middle East.

Oracle Earnings in Focus

ORCL reports Q4 2026 results Tuesday. The key question: can it deliver a AVGO-style AI earnings surprise? Broadcom's consensus target rose to $517.61 this week on AI infrastructure demand. Analysts and short sellers are watching ORCL closely — a beat could trigger a sharp move. ADBE and homebuilder LEN follow Wednesday.

Short Sellers Stay Defensive

LUNR short interest sits at 24.4% of free float with borrow availability at just 15.8%. OKLO holds 21% SI % FF. SpaceX IPO buzz is pressuring space-adjacent names including LUNR and Planet Labs. Bears appear to be adding into the weakness.