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 Mark and AMA Falls to Its Lowest Level Since November – Brent Drops Below $74 – SoftBank Plunges in Double Digits As OpenAI’s IPO Falters – ON Semiconductor Goes for Synaptics

USA & MACRO-ECONOMIC SITUATION Wall Street finishes a horrible 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,...