The U.S. National Hurricane Center reports that Tropical Storm Genevieve is gradually weakening.

Skepticism about AI was evident in the market reaction to earnings reports from big tech stocks this quarter. Tech giants saw mixed trends after the results. After Meta gave disappointing quarterly revenue guidance and recorded the lowest free cash flow in years, it fell 8% after the market closed. This was a signal that AI bets led to a surge in expenses. On the other hand, Microsoft's stock price closed up nearly 16% after the results, and its market value surged by US$450 billion in a single day, the largest single-day increase for a stock. The catalysts: the fastest cloud growth in four years and a signal from the company that it will rein in new capital spending this year. Amazon shares closed up 15% after the results. The company reported upbeat cloud business revenue, with growth hitting a four-year high, easing market concerns about returns on huge AI spending. Bob Long, founder and chief options analyst at Explosive Options, said sooner or later investors will grow tired of the relentless spending of hyperscalers, so it's not surprising to see a company get a boost from restrained spending. Stocks related to the global AI supply chain, as well as companies that provide support for AI or adopt AI technology, also appear to be back in favor.

U.S. Geological Survey: A magnitude 4.9 earthquake occurred 3 kilometers west of Matsuse Town, Japan; the focal depth was 10.0 kilometers.

According to Saudi media Hadas: The US Embassy in Israel issued a warning to its citizens that there may be an escalation in the Middle East.

Ukrainian President Zelensky: The Ukrainian military attacked a sanctioned Russian container ship named YANINA with a carrying capacity of more than 100,000 tons.

Ukrainian President Zelensky: Ukraine’s National Security Service of Ukraine attacked the infrastructure of three Russian oil refineries in the Bashkortostan region.