What is happening in Asia? A massive asset sell-off has hit the region's key stock exchanges due to profit-taking in the overheated AI sector and escalating geopolitics 🇺🇸

🤖 Doubts over AI profitability. Skepticism is growing over whether tech companies' record multibillion-dollar spending on AI will yield adequate returns in the near future.

🥷 US–Iran conflict. A sixth consecutive night of reciprocal airstrikes in the Persian Gulf has led to the collapse of the truce and paralyzed traffic through the Strait of Hormuz.

📦 Brent and WTI crude oil prices jumped by more than 10% over the week, settling near $85 and $80 per barrel, respectively. This revives the risks of energy-driven inflation.

🚨 What to expect from the US market opening?
Following the slump of Asian semiconductor giants, shares of Nvidia, AMD, and major AI companies will come under heavy pressure at the opening bell.

We'll see. Surprisingly, the crypto market isn't dropping as significantly as it could have so far.