Nvidia and other U.S. tech companies are benefiting from an AI spending spree, but business and geopolitical risks loom...

(Bloomberg) -- Big Tech has led the furious rebound in US stocks from the tailspin that followed President Donald Trump’s sweeping April 2 tariff edict. Now options traders are signaling that they see the pricey cohort as especially vulnerable to another round of trade war-driven volatility.Most Read from BloombergShuttered NY College Has Alumni Fighting Over Its FutureDo World’s Fairs Still Matter?As Part of a $45 Billion Push, ICE Prepares for a Vast Expansion of Detention SpaceNYC Renters Bra...

STOCKHOLM (Reuters) -Microsoft on Monday said data stored by its European cloud customers would stay in Europe, under European Law, with operations controlled by its local personnel, and under full control of customers. European companies and governments have been increasingly worrying about their data being moved outside the continent into the hands of other countries such as the U.S., pushing the American companies such as Microsoft to announce safeguards. Microsoft in April laid out plans to protect user data as it expands its cloud and AI infrastructure in Europe, including respecting European laws seeking to rein in the power of large technology companies...