The hour reflects a pivot in AI sentiment and persistent geopolitical fragility. Skepticism toward artificial intelligence is intensifying as high-profile investors like Michael Burry and Steve Eisman raise concerns over the sustainability of massive capital expenditures, a sentiment reflected in lower price targets for Google and a general cooling of sector enthusiasm. Counterbalancing this, industry leaders have launched a security-focused AI defense alliance. Geopolitically, while a tenuous pause holds between the U.S. and Iran, regional volatility remains high following attacks on Saudi infrastructure. Macroeconomic conditions appear mixed; while U.S. durable goods orders grew only 0.3%, falling oil prices are easing inflation fears and boosting sectors like aviation. Military industrial activity remains robust, marked by significant surveillance aircraft contracts and Ukraine’s development of an anti-ballistic missile system.