Wedbush Securities: “While the model is impressive, and it will have a ripple impact, the reality is that [Magnificent] 7 and US tech is focused on the [artificial general intelligence] endgame with all the infrastructure and ecosystem that China and especially DeepSeek cannot come close to in our view. The focus of AI right now is the enterprise use cases and broader infrastructure, propelling this $2 trillion of Cap-Ex over the next 3 years.”
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