Pete Hegseth & Meta Platforms

Pete Hegseth: Pete Hegseth, the Defense Secretary, outlined a broader plan to expand AI adoption and remove bureaucratic obstacles, which the contract with Scale AI aligns with.

Meta Platforms: Meta Platforms, which holds a 49% stake in Scale AI, indirectly strengthens its position in the military AI ecosystem through Scale AI's expanded contract with the United States — United States Department of Defense.

Pete Hegseth: Pete Hegseth, US Defense Secretary, stated that the US naval blockade is a 'polite' behavior and that US forces are ready to strike Iran's power plants and energy industry if ordered.

Meta Platforms: Meta Platforms posted forecast-busting earnings, contributing to the positive sentiment in the AI trade, which is a separate market trend from the US-Iran conflict.