Oil Jumps $3 ​a Barrel as US and Iran Fail to Reach Agreement on Peace Proposal

Tradingkey - The Wall Street Journal reported that SpaceX (SPCX) is in negotiations with the U.S. Department of Defense to sell computing power. The deal could be valued at billions of dollars, and if finalized, would mark the latest major infrastructure contract for Elon Musk’s integrated rocket, satellite, and artificial intelligence conglomerate. The report noted that the partnership model for this deal is similar to previous agreements SpaceX reached with Alphabet’s Google (GOOGL) and AI firm Anthropic. The negotiations come as the U.S. military seeks to construct data centers within its military bases to bolster its autonomous computing capabilities.

TradingKey - As a core product of Alphabet's (GOOGL) (GOOG) artificial intelligence strategy, Gemini 3.5 Pro was originally met with high market expectations. However, according to several people familiar with the matter, the release of this flagship model has been delayed by several months from its original schedule.

Intel reports Q2 2026 results on July 23 after guiding for revenue of up to $14.8 billion. INTC is testing double-bottom support near $94 after a sharp semiconductor selloff.

Micron posted record fiscal Q3 revenue of $41.46 billion and guided for $50 billion in Q4 sales, but MU has broken below $897.80 support as investors assess capacity growth and peak memory margins.

Japanese stocks extended their decline at the market open, with the Nikkei 225 falling more than 4%. Kioxia plummeted over 15%, and SoftBank dropped more than 7%.