Dip Buyers Defy AI Tremors – Wall Street Edges Up Thanks to Dip Buyers, but Seoul's Kospi Plummets Over 8% – NVIDIA and SK hynix Seal Memory Mega Deal – Intel Surges 12% as a Foundry Hope for Google and NVIDIA – Eli Lilly Chases Record Highs with Retatrutide Data – ECB Decision and SpaceX Mega-IPO at $1.8 Trillion Shape the Week
Reading Time: 11 minutes
USA & MACRO-ENVIRONMENT Wall Street makes an impressive comeback After a semiconductor index experienced its worst session since the beginning of the pandemic on Friday, dip buyers return, driving the S&P 500 up nearly 0.31%. The Nasdaq 100 rises about 1.92%. Once again, the excitement for Artificial Intelligence is the driving force as well as the bet that a robust economy will continue to support corporate profits. The abrupt correction was triggered by a surprisingly strong US jobs report The overheated employment situation...
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