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1. Geopolitical tensions escalated in the Middle East with reports of an Iranian missile attack on Kuwait, an Israeli strike in Beirut, and Iran asserting control over the Strait of Hormuz.
2. Fertitta Entertainment announced the acquisition of Caesars Entertainment for $17.6 billion, marking a significant recent M&A deal.
3. Snowflake shares surged 36.4% after raising its revenue forecast and securing a $6 billion AWS deal, contrasting with Salesforce which fell 1.5% due to a Q2 revenue outlook below estimates.
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1. U.S. strikes on Iranian military sites led to crude oil futures rising over $1 per barrel, signaling heightened geopolitical tensions.
2. Marvell Technology reported strong Q1 results and significantly raised its FY27/FY28 revenue outlook due to exceptional AI-related bookings, driving its shares higher.
3. Salesforce delivered record Q1 revenue and announced a $25 billion share repurchase program, while Snowflake committed $6 billion to AWS for enterprise AI adoption acceleration.
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