Wall Street Is Heading Towards Its Strongest Month Since 2020 – Big Tech Earnings Reveal AI Capex Shock – Eli Lilly Explodes on GLP-1 Wave – DAX Defies Iran Risks – German Semiconductor Stocks Benefit Again From AI Hype – Caterpillar With Record Order Backlog

USA & MACRO CONDITIONS Wall Street is heading towards its best monthly gain since November 2020 in the last days of April. The S&P 500 (+0.39%) is up about +9% this month and reacts with further gains after surprisingly robust economic data and a flood of strong corporate earnings support the sentiment. The investment dynamics in artificial intelligence are turning out to be the dominant market driver – the four leading U.S. hyperscalers have now raised their combined capex plans for 2026 to over $700 billion. Fresh GDP data underscores...