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MIB: Triple Shock — OpenAI Revenue Miss, UAE Exits OPEC, and Trump Rejects Iran’s Hormuz Deal Ahead of $700B AI Earnings Week

OpenAI missed revenue and user targets (WSJ), gutting AI chip stocks — AMAT -5.87%, KLAC -4.79%, AVGO -4.39%; Nasdaq -1.01%. UAE quit OPEC after 58 years, effective May 1. Trump rejected Iran’s Hormuz reopening proposal — Brent hit $112.70 intraday, US gas $4.18/gal (highest since Aug 2022). Powell’s final FOMC opened Tuesday. Coca-Cola (+3.86%), Visa, and Starbucks all beat and raised guidance. GOOGL/MSFT/META Wednesday — $700B AI capex on trial.

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MIB: Narrow Record — Intel Blowout and DOJ-Powell Resolution Lift S&P/Nasdaq as UMich Hits All-Time Low

S&P 500 (+0.80%) and Nasdaq 100 (+1.95%) hit fresh records as Intel (+23.6%) blew out Q1 — best day since 1987 — dragging AMD (+13.9%) and NVDA (+4.3%, back above $5T). But the rally was narrow: Dow (-0.16%), Transports (-0.94%), NYSE Composite all red. DOJ dropped its Powell probe, clearing Warsh’s path; 10Y slipped to 4.31%. UMich sentiment crashed to a record-low 49.8 with 1-year inflation expectations spiking to 4.7%. Mega-cap tech earnings loom next week.

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