An index excluding AI enablers is down slightly since late February while the S&P 500 is up 10% driven by AI stocks surging over 45%. The EU plans stricter cloud tender rules in its Cloud and AI Development Act, mandating EU-made software and hardware to reduce reliance on U.S. vendors.
An index excluding AI enablers is slightly lower since late February while the headline S&P 500 is up about 10%, driven by a 45% surge in AI winners. Bianco Research shows 41 AI-related stocks now account for nearly half of the index’s market value, highlighting significant concentration risk.
The EU’s Cloud and AI Development Act would require government tenders to favor EU-developed software and hardware for cloud services, potentially disadvantaging U.S. tech firms including Google. This proposal is part of a broader Tech Sovereignty Package aimed at strengthening digital independence and reducing foreign vendor reliance.
