The Oil Price Halts Its War-Driven Rally and Gives Wall Street a Much-Needed Breather, While the Iran Conflict Around the Strait of Hormuz Continues to Strain Investors’ Nerves – Dell’s AI Server Boom Raises the Annual Forecast and NVIDIA Reaches for Hugging Face – Inflation and Interest Rate Concerns Surge Back Powerfully – the DAX Continues Its Correction, GitLab Explodes by 20%, and Tencent-Backed Enflame Is Oversubscribed More Than 4,000 Times

USA & MACRO-ENVIRONMENT Cautious stability returns to Wall Street The S&P 500 rises by +0.54%, and the technology-heavy Nasdaq 100 turns positive with + 0.07%. Relief comes primarily from the oil price, which halts its two-day, war-driven rally. West Texas Intermediate slips back below the $90 mark after military escalation between the USA and Iran around the Strait of Hormuz had previously propelled prices upward. The retreat in crude oil also calms the bond market: Treasury yields stabilize after their jump to multi-year highs,...