Wall Street charged higher on easing inflation and strong cloud demand; crypto got a mixed reaction; and turmoil in the Gulf reminded investors that politics remain a powerful wildcard.

U.S. markets powered forward after wholesale inflation unexpectedly softened, reinforcing the odds of Fed rate cuts. The S&P 500 and Nasdaq both reached intraday record highs, with Oracle stealing the show thanks to its AI-fueled revenue forecast driving a spectacular stock rally. Tech continues to lead.

Oracle popped roughly 40% today on talk of booming demand for its AI cloud services. The jump didn’t just power the broader indices, it lit up chipmakers, infrastructure suppliers, and everyone riding the AI wave.

Bitcoin and Ethereum both slipped modestly, while XRP also eased back. Yet the drama emerged elsewhere: so-called crypto treasury companies saw sharp share declines. The honeymoon may be over, investors appear wary of firms whose crypto-heavy strategies risk volatility and lack of fundamental backing.

An Israeli strike in Qatar rattled global markets, sending Gulf equities lower even as oil ticked higher. The violence risk and trade uncertainty are fresh reminders: global politics still has a tight grip on market volatility.

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Today was a mix of triumph and tension. Markets raced higher on inflation relief and AI optimism. Crypto and its corporate believers took a breather. And geopolitics? It reminded everyone the world doesn’t stop while markets rally. As Oracle advances into AI’s promise and inflation data unfolds, stay alert, balance is everything.