The AI Trade Makes a Comeback and Lifts Wall Street Back Into the Positive Ahead of the Eagerly Awaited NVIDIA Figures, While Brent Oil Prices Drop Below $90 After Initial Signs of Easing in the Iran Conflict – The Software Sector Leaves the SaaSpocalypse Behind and Rallies Nearly 40%, While NVIDIA Counters Skeptics With Price Increases of Over 15% and a Leap Into Space – the DAX Secures Itself Above 26,000 Points After Strong Ifo Data

USA & MACRO-ENVIRONMENT Wall Street finds its footing at the start of the week The broad S&P 500 rises by +0.19%, the tech-heavy Nasdaq 100 climbs by +0.14%, and a key indicator for semiconductor giants sees a significant uptrend. The driving force is the return of the AI trade: unexpectedly, NVIDIA ends its longest losing streak since 2022 with a recovery – the stock had previously dropped for seven consecutive trading days – thereby providing tailwinds for the entire chip industry just before highly anticipated quarterly results...