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May 8th - Sources familiar with the matter revealed that SK Hynix is receiving enthusiastic offers from major global tech companies as they scramble to acquire memory chips. These companies are proposing investments in new production lines and funding the purchase of expensive manufacturing equipment. According to six sources, the company's clients have made several cooperation proposals to the South Korean chipmaker, including investing in the construction of dedicated memory chip production lines. Three other sources indicated that another proposal involves clients financing the purchase of equipment, such as ASML's extreme ultraviolet lithography (EUV) machines. This equipment, used to etch circuits onto silicon wafers, is worth hundreds of millions of dollars. It is understood that the chipmaker is cautious in accepting financial commitments from clients because such deals could potentially make it dependent on specific buyers and force them to supply chips at lower prices in exchange for longer-term, more stable revenue guarantees.

Sources say that chip pricing ranges and upfront payments are among the options being discussed with SK Hynix as part of long-term chip contracts; however, SK Hynix is cautious about accepting such offers due to the strong market outlook.

On May 8th, US President Trump met with visiting Brazilian President Lula da Silva at the White House on the 7th. Trump said the two sides discussed many issues, including trade, particularly tariffs. Trump later posted on social media that the meeting went "very well." Representatives from both sides are scheduled to meet later to discuss certain "key issues." Further meetings will be arranged in the coming months, if necessary.

Sources say SK Hynix has received investment proposals from global technology companies to invest in its chip production lines and fund the purchase of extreme ultraviolet lithography machines.

The U.S. trade court ruling did not fully block Trump's 10% tariffs, but only targeted the two companies that filed the lawsuits.

The U.S. military stated that U.S. Central Command has eliminated the threat of attack and is targeting Iranian military facilities that attacked U.S. forces.

US military: No US assets were attacked.

On May 8, local time, a spokesperson for the Hatem Anbia Central Command of the Iranian Armed Forces issued a statement claiming that the US military violated the ceasefire by striking an oil tanker sailing from the waters off Jask, Iran, towards the Strait of Hormuz, and another vessel entering the Strait of Hormuz opposite the port of Fujairah in the United Arab Emirates. The statement also claimed that the US, in cooperation with some regional countries, launched airstrikes against civilian areas along the Iranian coasts of Hamir, Sirik, and Qeshm Island. The statement indicated that the Iranian Armed Forces retaliated against US military vessels east of the Strait of Hormuz and south of Chabahar port, claiming "significant damage." The spokesperson emphasized that Iran will respond to any act of aggression.

The China Earthquake Networks Center automatically determined that an earthquake of approximately magnitude 4.2 occurred near the sea area of Hualien County, Taiwan at 04:57 on May 8. The final result is subject to the official rapid report.

Nvidia has been granted a five-year option to purchase up to 30 million shares of IREN at $70 per share, which means Nvidia has the right to invest up to $2.1 billion in IREN.

Nvidia (NVDA.O): Future deployments will focus on IREN’s 2-gigawatt Sweetwater campus in Texas.

Nvidia and IREN announced a strategic partnership to accelerate the deployment of up to 5 gigawatts of artificial intelligence infrastructure.

Foreign central banks held -$8.74 billion in U.S. Treasury securities in the week ending May 1, compared with $6.679 billion in the previous week.

European Commission President Ursula von der Leyen: Good progress is being made on reducing tariffs by early July (regarding the EU-US trade agreement).

Federal Reserve's Williams: Demand for U.S. Treasuries is huge.

Federal Reserve's Williams: The US government debt problem must eventually be resolved.

Federal Reserve's Williams: We are closely monitoring government debt.

According to the Islamic Republic of Iran Broadcasting (IRIB), Iran fired missiles at US forces attempting to seize an Iranian oil tanker.