“As usage goes up significantly, there’s still a vital need for data centers. We still think it’s a very important segment,” Gray said.
His comments echo views from analysts at Jefferies earlier this week.
“In fact, we would be surprised to see hyperscalers slow their capex plans as the AI space just got even more competitive,” they wrote.
DeepSeek’s launch has triggered scrutiny from investors, who are expected to analyze tech giants’ AI spending plans closely in the next few weeks.