DeepSeek is a hot topic on earnings calls this quarter

• Executives are increasingly fielding analyst questions about the business impact of DeepSeek.
• In spite of the market disruption, the early outlook is generally optimistic about the tech.
• Business Insider will keep this story updated as more companies report earnings.

Stock market surprises have a way of echoing through subsequent earnings calls, and the impact of DeepSeek is reverberating on Wall Street.

On analyst calls this week, executives have increasingly been fielding questions about the Chinese AI and what it means for their businesses.

The name DeepSeek was mentioned in at least nine earnings calls this week, according to an AlphaSense search, with only a single mention before Monday’s bombshell announcement.

But in spite of the market disruption that saw wild swings in Big Tech share prices, the early outlook is generally optimistic about the tech.

On Monday, AT&T CEO John Stankey said the newer, lower-cost AI “is going to open up and facilitate new applications and business models.”

Here’s what business leaders are telling analysts: