Synopsys ($SNPS) IP business is in a 3-quarter decline, attributed to Intel’s 18A foundry timing miss, China, and increased competition in HPC IP. SNPS projects no new design starts from Intel foundry this year and is streamlining its IP business via non-core asset sales. 1
Credo Technology Group’s ($CRDO) Q3 FY2026 earnings are robust, despite one minor issue identified. 2
Wells Fargo’s NVIDIA GTC 2026 preview projects NVIDIA’s Feynman GPU could leverage Intel’s EMIB-T packaging, potentially unlocking a $1 billion annual revenue stream for Intel Foundry ($INTC). 3
Morgan Stanley observes NVIDIA launched Quantum and Spectrum CPO switches at GTC 2025, pushing Spectrum as the standard for Vera Rubin NVL72 racks. 2026 switch shipments project around 23k units. 4
News of indirect contact between Iranian operatives and the CIA to discuss peace talks buoyed futures and lifted crypto overnight. 8
US stock futures rallied sharply on reports of a “secret” Iranian offer to the US for peace talks, potentially involving the curtailment of ballistic missile and nuclear programs. 9
The KOSPI’s back-to-back circuit breakers are over-correlated to US markets. The real driver is South Korea’s heavy exposure to LNG imports amid suspended Qatar output. 11
In the Strait of Hormuz standoff, the short-term favors Iran; the long-term, Trump. Iran possesses short-term, partial interdiction capabilities but lacks a sustainable, complete physical blockade. Escalating US-Israeli pressure will erode Iran’s position over time. 7
Paul Tudor Jones’ Bitcoin thesis is profound; five years ago, he highlighted its portability advantage in conflict. His May 2020 “Great Monetary Inflation” letter warned of escalating national debt and central bank money printing, positioning Bitcoin as a hedge against inflation. 5
Leverage is getting exposed: Kospi is in freefall after a 50% year-to-date surge. Heavyweight stocks saw substantial credit buying with only 30%-40% margin deposits. 6
Tom Lee forecasts the market selloff bottoming this week, with stabilization to follow. Expect March to close higher, with the Magnificent 7, software, and crypto sectors nearing a floor. 10