United States Daily Briefing

AMD surged $17.92 to $467.51 (+3.99%) while NVDA fell $4.18 to $215.33 (-1.90%) in a clean sector rotation signal. The divergence reflects the AGI CPU buildout thesis: AMD's EPYC and MI-series chips are gaining design wins in inference workloads, directly challenging NVDA's GPU dominance. SeekingAlpha reported MSFT Azure revenue up 40% with AI run-rate topping $37B — confirming the enterprise AI demand base is intact while the chip preference mix shifts. Watch NVDA's next earnings call for commentary on AMD's competitive progress.

Trump signaled an imminent peace deal with Iran, saying an agreement to reopen the Strait of Hormuz is 'largely negotiated' and he plans to announce shortly. But ThestockMarketWatch reported EU is simultaneously escalating sanctions over the Hormuz blockade, and Financial Post noted bond strategists warn yields will stay at 2007 highs even post-Iran resolution because structural deficit pressures remain. The Booking Holdings read-through: the company lowered its full-year outlook citing Iran tensions — any deal could be a catalyst for beaten-down travel stocks.

Form 4 data for the past 72 hours shows 22 insider sales totaling $18.68M against 8 buys at $1.96M. VG (Vonage/Ericsson-adjacent) COO Brian Cothran led with $8.77M in sales across two transactions. KLIC (Kulicke & Soffa) insider sold $2M. WRBY (Warby Parker) co-CEO Neil Blumenthal trimmed $1.89M. MSTR CFO sold $835K. The only institutional buyer of note: Haveli Investments accumulating micro-cap BLND at $1.15M. This is concentrated selling in specific names rather than a market-wide capitulation signal, but the 9.5-to-1 ratio heading into FOMC season is worth watching.