Laughing at Semiconductors, Crying at Oil Prices… the Stock Market’s ‘Seesaw Game’

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Recently, a fierce "seesaw game" has been unfolding in the domestic stock market as upward pressure on oil prices stemming from the aftermath of the war between the U.S., Israel, and Iran aligns with earnings expectations for artificial intelligence (AI) and semiconductor companies. The index rebounds whenever expectations for an improvement in the semiconductor market are highlighted, but the gains are immediately given back whenever internatio…