•Bank of America strategists warned that it is too early to celebrate a reduction in risk, pointing to the potential for a scorched-earth strategy from Iran.
•The warning was led by Nitin Saksena, head of equity-derivatives strategy at the bank.
•Bob Elliott, CIO of Unlimited, suggests that markets are showing complacency regarding the risk of a prolonged conflict between the U.S., Israel, and Iran.
•The logic of war differs fundamentally from tariff policies, and Washington does not have full control over the escalation path.
•Nvidia is expected to unveil a broader suite of specialized AI chips and networking technologies at its GTC developer conference.
•Bank of America analysts expect the firm to showcase a broadened AI computing stack including systems for training, inference, and large-scale batching workloads.
