Editorial companion

What stands out

Markets shook off an early selloff tied to renewed U.S.-Iran tensions and rising oil, pivoting to export and industrial policy headlines after reports Nvidia (NVDA) might see eased export rules to China and Apple (AAPL) and Broadcom (AVGO) backed a roughly $30 billion U.S. chip manufacturing push. That flip matters because the session showed how quickly flows rotate from geopolitics to winners of onshore semiconductor capacity and AI hardware demand. For investors, it is a reminder that headlines move intraday returns, but sustained revenue and margin trends decide wealth over years.