WS #11594
DeepSeek's AI chip push in China displaces Nvidia and AMD; chip stocks slide; Nasdaq falls at open. DigitalOcean guides Q2 revenue growth to 29% and RPO exceeding $800M, strong signal for cloud infrastructure. Amazon raising at least $25 billion in bond sale to fund AI investments, won't issue more debt in 2026.
Tech Selloff & AI Chip Displacement
DeepSeek's AI chip push in China displaces Nvidia and AMD; chip stocks slide; Nasdaq falls at open.
DigitalOcean guides Q2 revenue growth to 29% and RPO exceeding $800M, strong signal for cloud infrastructure.
Amazon raising at least $25 billion in bond sale to fund AI investments, won't issue more debt in 2026.