Frankfurt's DAX 40 closed about 0.5% lower at 24,856 on Wednesday, amid resurfacing AI-related fears and mixed corporate earnings. Meanwhile, investors welcomed stronger-than-expected US jobs data, which improved the economic outlook but tempered expectations of a Fed rate cut. Stocks such as Zalando (-5.9%), SAP (-5.4%) and Scout24 (-3.3%) were among the biggest losers, on concerns that AI could upend their business models, which depend heavily on software. Commerzbank slipped 2.4%, as in-line 2026 guidance failed to impress despite a record operating result for 2025. On the flip side, Siemens Energy stood out, jumping 7.8%, after net profit nearly tripled in the first quarter of its fiscal year, fueled by record orders amid strong AI-driven demand for gas turbines and grid infrastructure.