This week, over 75% of companies exceeded their earnings per share (EPS) estimates, showcasing resilience in the corporate sector. Despite an initial tech sector downturn due to the launch of a new AI model by Chinese startup DeepSeek, Wall Street’s major indices managed a recovery by Friday. The week started with a significant reaction in Silicon Valley to DeepSeek’s AI model release, but the market’s focus quickly shifted to corporate earnings. The rebound in stock indices highlights the market’s ability to adapt and focus on fundamental financial performance amidst technological disruptions.
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