AI Stock Rout Called ‘Unwarranted.’ Why Wall Street Sees Post-Midterms Edge For Cloud Giants.

Wall Street analysts are calling the post-midterms tumble for tech and AI stocks overdone. But they also say a stricter regulatory environment could advantage cloud hyperscale giants Amazon, Microsoft and Google. Analysts with Morgan Stanley told clients late Sunday that they expect AI-related capital expenditures to stay at the same levels as preelection. Some spending on data centers may shift…