Highlights for this morning: Trump halts Hormuz operation, Samsung reaches $1 trillion in value

Shares of Samsung Electronics soared to a record, bringing its capitalization to over $1 trillion. Anthropic is ready to spend up to $200 billion on Google's cloud and chips. Meta is developing a personal AI assistant and ramping up infrastructure investments. These and other topics are covered in our review of key events by the morning of Ma. 6.

US President Donald Trump has announced a pause in Operation Project Freedom to remove commercial ships from the Strait of Hormuz - a day after it was launched. The decision is due to "progress" in talks with Iran and hopes for a speedy agreement, he said. The operation was meant to help dozens of stranded ships but has caused an escalation, with Iran attacking ships and targets in the region, including another strike on the UAE.

U.S. stock index futures went up after the announcement of the suspension of the operation.

Anthropic will spend about $200 billion on Google's cloud services and chips over five years, The Information reports. This implies that Anthropic accounts for more than 40% of the total future revenue portfolio that the tech giant disclosed to investors last week, the publication notes. The agreement strengthens a partnership that will also see Alphabet invest up to $40 billion in the AI startup.

Demand for Claude's models is forcing Anthropic to ramp up its computing power: the company already has contracts with CoreWeave and Amazon, and is using chips from Google, Nvidia and AWS, The Information writes.

Meta is creating an advanced AI assistant that will be able to perform users' everyday tasks, the Financial Times reports. Based on the new Muse Spark model that caused a stir in the market, the product is already being tested internally and they want to make it similar to more autonomous solutions like OpenClaw.

In parallel, Meta is developing other AI agents, including an Instagram shopping tool, and plans to launch them by the end of the year. Despite investors' concerns, the company is increasing spending on AI and is ready to invest billions more in infrastructure, the newspaper points out.

Shares of Samsung Electronics jumped by more than 15%, having updated the historical maximum, as a result of which its capitalization exceeded $1 trillion, CNBC writes. Before him, only TSMC had surpassed this mark in Asia.

The rally was sparked by Samsung's first-quarter results, with operating profit rising more than eightfold to 57.2 trillion won versus 43.6 trillion won for the full year 2025. Revenue reached a record 133.9 trillion won.

An additional driver was reports that Apple is in discussions with Samsung and Intel to manufacture chips for its devices in the US to reduce its reliance on TSMC.

Shares of Super Micro Computer, one of the largest makers of neural network servers, jumped 18% in the postmarket after the company announced a forecast that beat Wall Street estimates. It expects next quarter earnings of 65-79 cents on revenue of $11-12.5 billion. The growth is supporting demand for AI servers with Nvidia chips, despite component shortages and a U.S. investigation into hardware shipments to China.

Supermicro's earnings came in at 84 cents per share against analysts' forecast of 62 cents, but revenue came in worse than expected at $10.24 billion on estimates of $12.33 billion, CNBC reports. Sales were up 123% year-over-year, but some of the revenue shifted due to unprepared customer infrastructure.

- Tokyo Stock Exchange is closed due to holidays.

- Hong Kong's Hang Seng Index added 0.9 percent, while mainland China's CSI 300 Index jumped 1.6 percent.

- In South Korea, the Kospi index soared 6.7% to a record, while the Kosdaq small-company index lost 0.8%.

- Australia's S&P/ASX 200 rose 1.1 percent.

- Futures on the S&P 500 and Dow Jones Industrial Average were up 0.3%, while Nasdaq Composite exchange-traded contracts rose 0.7%.

This article was AI-translated and verified by a human editor