The AI Trade Dominates Wall Street and Drives an Unprecedented Capital Surge Through the Semiconductor Supply Chain as Falling Oil Prices Temper Inflation Fears – Intel Raises $20 Billion Amid Massive Oversubscription and NVIDIA Arranges a $500 Billion Financing for AI Infrastructure – The Fed Struggles with Dissenting Hawks Ahead of U.S. Consumer Prices While the DAX Runs Close to a New Record High

USA & MACRO-OUTLOOK Wall Street presents itself with cautious friendliness The S&P 500 shows little movement with a gain of 0.11%, yet underlying market breadth is improving – around 330 index members are trading higher, while losses from certain heavyweights are holding back the leading index. The Nasdaq 100 advances by 0.17%. The real driving force is the easing in the oil market: U.S. crude oil falls to around $81 after Pakistan's Defense Minister Khawaja Asif signaled that the U.S. and Iran are "on the verge of some sort of...