Chinese memory chipmaker CXMT soared 500% on its Shanghai debut to become the country's most valuable company at over half a trillion dollars. Meanwhile, Apple, Amazon, Microsoft, and Meta prepare to report as cash burn concerns weigh on AI's biggest spenders, and the Fed meets Wednesday with oil retreating nearly $10 from above $100 a barrel after a pause in U.S.-Iran strikes. Today’s recommended read: Crude oil futures are pricing market adaptability, not hopeful Iran peace, Clyde Russell. Subscribe to Mike Dolan's Morning Bid newsletter, and check out his columns on Reuters Open Interest. Read more from Amanda Cooper and Anna Szymanski. Produced by Eliza Davis Beard and Abisoye Osundairo. Sound engineering and music by Sebastian and Josh Sommer. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt out of targeted advertising. Learn more about your ad choices. Visit megaphone.fm/adchoices
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