The AI trade splits and ends a torturous week in the red – another crash in semiconductors drags the Nasdaq 100 and S&P 500 down – the Warsh Fed activates the dollar and fuels interest rate hike bets, while gold grapples around the 4,000 USD mark and falls to its lowest level since November – Brent drops below 74 USD – SoftBank plunges in double digits as OpenAI's IPO falters – ON Semiconductor goes for Synaptics

USA & MACRO-ECONOMIC SITUATION Wall Street closes a torturous week in the red The S&P 500 loses 0.05%, while the tech-heavy Nasdaq 100 drops significantly more at 0.64%. At the center is another sell-off in semiconductor stocks – a highly regarded industry index drops by about 5%, taking some of the shine off the sector, even though it is heading for the strongest quarter in its history. The yield on ten-year U.S. Treasuries remains mostly stable at 4.38%. The real driver is a sentiment shift in AI trading According to Bloomberg,...