Amazon (AMZN) is the latest technology giant to announce it will continue spending massive amounts of cash on artificial intelligence, even after Chinese startup DeepSeek’s success.

Less than three weeks into Trump’s second term, two market shocks complicated the investing scenario — one is directly aimed at tech investing, i.e. the DeepSeek rout and the other is the trade war.

As Musk’s team barrels its way through the government seeking access to sensitive information, questions are arising about ...