Kuwait & Micron Technology

Kuwait: Kuwait was targeted by drone and missile attacks from Iran, escalating tensions in the Middle East and impacting global economic outlook.

Micron Technology: Micron Technology experienced wild swings, including significant drops, due to worries about its valuation and the broader AI stock sell-off, despite strong year-to-date gains.

Kuwait: Kuwait is one of the Persian Gulf producers whose oil supplies have been disrupted by the Strait of Hormuz closure.

Micron Technology: Micron Technology's stock dropped, tracking losses in tech shares and indicating a cooling of the AI boom's impact on semiconductor companies.

Kuwait: Kuwait is a Gulf ally of the United States that was targeted by Iranian missile and drone strikes during the conflict. Its leaders have met with Marco Rubio to discuss security concerns related to the Iran deal.

Micron Technology: Micron Technology's stock dropped, contributing to market decline, but this is linked to the performance of AI technology stocks, not the US-Iran peace deal.