‘Whoever Wins, AI Wins’: Trump Brushes Aside Slowdown Calls as Ex-Senator Demands an AI IPO Freeze
As the AI industry faces calls for a slowdown, major players like Microsoft and Azure show strong financial performance. Microsoft's commercial backlog surged 84% to $678 billion, and Azure crossed the $100 billion annual revenue mark, contributing to market indifference towards AI safety concerns. Progress fell by 5%, while Sherwin-Williams dropped by 12% in the past year, amid housing starts declining by 12% and consumer sentiment hitting a recessionary level of 55.
President Trump echoed the sentiment by stating, "Whoever wins, AI wins," contrasting with calls from ex-Senator Joe Manchin for an executive order freezing AI IPOs until federal safeguards are established. Analysts have compiled a list of the top 10 stocks to buy, with Microsoft not included in the list. Housing starts are down by 12.4% month-over-month, and consumer sentiment stands at 55.2, below the recessionary threshold of 60.
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