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The major U.S. stock market indexes are up since Election Day, despite recent turbulence caused by
DeepSeek and Trump Tariffs 2.0. The former is weighing on the shares of AI companies. However, cloud giants Amazon.com AMZN, Microsoft MSFT, and Alphabet’s Google GOOGL remain committed to spending record sums this year to build out their AI capacity. Asked last week about the AI cost efficiencies represented by DeepSeek’s widely followed advances, Amazon CEO Andy Jassy echoed the sentiments of other tech leaders in saying that he expects the trend to increase overall AI demand.
Read more: Amazon warned of ‘lumpy’ cloud trends. Why these analysts aren’t worried.
This post was originally published on Market Watch
