Leaders at Microsoft and Meta told investors that China’s DeepSeek doesn’t harm their businesses and that they will still spend billions on AI data centers.

The selloff​ extended to shares of natural-gas producers, pipeline operators, mining companies​, and electricity generators.

Investors were feeling a little more relaxed on Tuesday, with stock futures rebounding after the rapid rise of Chinese artificial intelligence startup DeepSeek triggered a broad and deep selloff the previous session.