1242 ET - American AI businesses remain a focus at Davos even as attendees huddle over escalating U.S.-Europe tensions, Wedbush analysts write in a note. Despite geopolitical worries, "the one thing that is clear from Davos is the US tech world is dominating the AI Revolution with China a distant second," they write. After conversations with tech executives in Davos, the analysts write that investors are both excited about the U.S.' AI lead and jittery about the capital spending needing to get there. "We believe both sides can be right at the same time," they write, adding that they expect to see tech firms doubling down on AI capital spending as 4Q results come in. (elias.schisgall@wsj.com)

(END) Dow Jones Newswires

January 21, 2026 12:42 ET (17:42 GMT)

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