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,...