Sources familiar with the matter: Gulf countries are expected to push for waiving strait transit fees.

On Wednesday, multiple Wall Street institutions issued key rating adjustments covering firms including Nvidia, Tesla, AMD, Reddit, and Arm. Seaport reaffirmed its "Sell" rating on Nvidia, citing growing burdens on and off Nvidia’s balance sheet, plus Broadcom’s entry into the cycle financing trend, as signs of rising financing constraints facing the AI industry. Stifel initiated coverage on BlackBerry for the first time, assigning it a "Buy" rating, noting the market still misdefines BlackBerry; the company is no longer just an automotive supplier, but a critical software layer in the physical AI stack, and partners with chip firms including Nvidia, Qualcomm, and AMD. UBS reaffirmed its "Buy" rating on AMD and raised its target price for the chipmaker from $470 to $670, stating it is more positive on AMD as its standalone CPU racks gain market recognition. TD Cowen reaffirmed its "Buy" rating on Arm and lifted its target price from $265 to $475, noting Arm’s 2031 fiscal year target of $15 billion for AGI CPUs is reasonable, though GPU-CPU pairing rates and per-core pricing remain key variables. RBC reaffirmed its "Outperform" rating on Tesla, forecasting the automaker’s second-quarter deliveries will hit 405,000 units, above the Visible Alpha consensus estimate of 401,000. Needham reaffirmed its "Buy" rating on Reddit, saying the platform holds a rare competitive position largely insulated from the generative AI storm. Separately, Citizens initiated coverage on Bitdeer, CleanSpark, Keel Infrastructure, and MARA Holdings, assigning all an "Outperform" rating, noting these bitcoin miners are repurposing their existing power capacity to deliver high-performance computing to hyperscale clients and large enterprises.

According to Bitget data, spot silver plunged 4.00% intraday, currently trading at $59.06 per ounce.

The U.S. Department of Justice (DOJ) announced Tuesday that it has seized cloud computing accounts belonging to a subsidiary of Cambodia-based Huiwang. The DOJ labeled Huiwang as “one of the world’s most prolific criminal marketplaces,” accusing it of facilitating the laundering of billions of dollars in proceeds from crypto investment fraud and cyber scams. The agency said the accounts provided technical support for Huiwang’s operations, enabling criminals to transfer, move and hide funds, and convert funds into the banking system undetected. Assistant Attorney General A. Tysen Duva of the DOJ’s Criminal Division noted that the seizure targets a technical backbone that allowed billions in fraudulent proceeds to be moved and hidden, with a large portion of the funds coming from scam hubs in Southeast Asia. Court documents show the accounts helped operate Huiwang Guarantee, a Telegram-based marketplace where sellers trade stolen bank card and identity data, malware proceeds, and money laundering services for romance scams and investment fraud. The platform also offers escrow services to help criminals, including money launderers, conduct cryptocurrency transactions.

Qualcomm announced it has reached an agreement to acquire Modular, aiming to strengthen its software foundation for generative AI and agentic AI in data center and edge environments. The transaction is expected to close in the second half of 2026, pending customary closing conditions and relevant regulatory approvals. Qualcomm stated that Modular offers an open, AI-native software stack that enables AI to run efficiently across diverse hardware architectures. Its unified platform supports CPU, GPU, NPU, and custom ASIC architectures, eliminating the need to rewrite models for each type of accelerator. For developers and enterprises, this means they can build once and deploy across various environments while reducing total cost of ownership. Qualcomm noted that as AI scales, efficiency rather than capability is emerging as the limiting factor. Performance per watt impacts inference costs, and these costs determine whether AI can scale. This acquisition will further enable Qualcomm to deliver a chip-agnostic compute layer across devices, edge, and data centers, boosting performance per watt, increasing hardware flexibility, and expanding its open developer ecosystem.

Unitree Technology announced that the official starting price of its bipedal humanoid robot Unitree R1 has been reduced from 39,900 yuan to 29,900 yuan, with spot sales opening immediately. Weighing 25 kg, the robot is equipped with 26 high-precision joints, supports multimodal large model interaction via voice and image, and has development and customization capabilities.

，美国财长贝森特对美联储主席沃什消除了前瞻指引表示赞扬，同时他认为没有人应该做点阵图预测。在经济方面，他预计实际工资增长将恢复到四月之前的节奏，并且预计今年剩余时间经济将加速增长，同时不会推高通胀。他强调，美元的主导地位至关重要。他认为在乌克兰局势结束后，俄罗斯将希望恢复美元体系，而新的委内瑞拉正在重新回归该体系。在利率被下调期间，美元仍可以保持强势，并且美国乐于采取正确措施，以保持美元强势。关于伊朗问题，贝森特表示，美国财政部将监督伊朗的资金分配，这些资金最初将通过卡塔尔发放，其中很大一部分将用于购买由财政部监管的美国食品和药品，同时伊朗收到的任何资金都应归伊朗人所有。(金十)