The AI trade makes a powerful comeback - Wall Street rebounds from the semiconductor bear market into the positive - The memory chip rally is led by SanDisk, Micron, and SK Hynix - TSMC announces price increases of up to 10%, and Nebius shines since NVIDIA disclosed a stake of over 9% - the Fed ambivalence under Chairman Kevin Warsh and the ongoing U.S.-Iran conflict raise oil prices and inflation concerns alike, while the DAX defends the 25,000-point mark thanks to unexpectedly strong ZEW data

USA & MACRO-ENVIRONMENT Wall Street stages a powerful comeback As bargain hunters step in, prices turn positive, driven by a broad rally among chipmakers. Investors are betting that the AI trade, which has fueled the entire bull market, is far from exhausted. The Nasdaq 100 gains +1.69%, while the S&P 500 adds +0.65%. The magnitude of the recovery in the semiconductor sector is noteworthy An important industry index surges by 4.5% – just a week after the same group had slipped into a bear market. According to UBS's trading desk,...