The stock markets made an impressive comeback in 2025. The US in particular drove global indices to new highs, buoyed by tech giants, artificial intelligence (AI), and massive investments in infrastructure. But with strong price gains come growing concerns: is a correction now imminent?
Yes – a correction is likely. But it is unlikely to break the overall upward trend, serving merely as a stopover before the next big upward wave begins. This is precisely where the opportunity lies for investors: those who recognize the long-term trends can use setbacks to expand their positions.
Artificial ligence Remains the Game Changer
The euphoria surrounding AI has taken the stock markets to a new level. Companies such as and have established themselves as the main beneficiaries. But the real growth story often lies in the background: with the companies that provide the infrastructure for AI. , for example, is benefiting from the explosive demand for computing power with its databases and cloud services.
and are also indispensable—without their chips and lithography machines, no AI application can run. Investors should understand that AI is not a short-term hype, but a long-term megatrend that will continue to attract capital flows for many years to come.
Infrastructure & Energy Supply
The AI revolution is consuming electricity on an unprecedented scale. Data centers need energy sources that are reliable, scalable, and as climate-neutral as possible. This is where comes in: with its fuel cell solutions, the company is providing the energy infrastructure of the future.
At the same time, the classic expansion of semiconductor production remains crucial – the focus here is on Intel (with support from the US government and Nvidia as an investor) and TSMC, but probably soon again on , , and .
Defense and Security Industry
The geopolitical situation is more tense than ever before. Europe and the US are investing heavily in defense. In addition to US giants such as and , from Germany has also become a stock market star. The company is benefiting from full order books and long-term investment programs.
Defense stocks have evolved from a taboo subject to a strategic anchor in many portfolios – and could even be a stabilizing factor in uncertain times.
Emerging Markets & Turnaround Opportunities
While the US is booming, many emerging markets remain in the shadows – and that is precisely what opens up opportunities. In China, for example, and are on the verge of a possible turnaround. Despite global competition from and , is considered one of the big winners in the electric car market.
These markets are more volatile, no question. But for investors who act countercyclically, they offer high return opportunities.
Sentiment: Fear & Greed
Fig.: Sentiment pendulum over 10 quarters. Noteworthy: April 2025 – despite the tariff dispute and price slide, sentiment briefly jumped to greed. Interpretation: Buy-the-dip reflex in market leaders (especially AI winners) and robust liquidity.
Conclusion: Correction Yes – Trend Reversal No
It is almost certain that the stock markets will have to take another deep breath after the massive rises in 2025. A correction could be painful, but it would be a natural part of a long-term upward trend. The major trends – artificial intelligence, infrastructure, security, emerging markets – remain intact and open up opportunities for investors that have not been seen for years.
Those who use setbacks to buy into these future markets could be among the big winners in the coming years.
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