Markets are heading into a packed week of earnings, a Fed meeting, and a possible Iran deal, with big tech fundraising and AI data-center debt stress both in focus.

• Elon Musk says over 200 "neocloud" data center companies (firms that only rent out AI chips with no other business) are heading for mass failure, since debt markets have mostly cut them off unless they have outside revenue like SpaceX's Starlink.
• Meta's stock rose after filing to sell more shares to raise cash, seen as a sign that big, well-funded AI players like SpaceX and Meta can still raise money easily even as smaller AI data-center firms struggle — a split some are calling "the great suckening."
• This week brings earnings from Microsoft, Google, Amazon, Chipotle, FedEx, and others, plus a Fed meeting where no rate change is expected; the bigger market movers will be next month's jobs and inflation data.
• Odds of a US-Iran deal are seen as highest around Tuesday, tied to the Israeli election, with oil prices still elevated due to supply disruptions and Iran's currency and economy continuing to weaken.
• Iran is also holding regional security talks and sending its president to Moscow, seen as seeking backup support rather than signs of fresh military escalation.

Outlook: If no US-Iran deal happens by Tuesday, odds of one happening before the next election drop, while markets stay focused on the Fed, big tech earnings, and oil supply risks.