Constellation Energy, Vistra, and GE Vernova Plunge. Why AI Energy and Infrastructure Stocks Are Sliding.
An AI chatbot developed by China’s DeepSeek rose to the top of the Apple App Store on Monday, surpassing ChatGPT. DeepSeek said it can operate with much less computing power tha
BofA trims Constellation Energy price target, calls selloff an ‘overreaction’
BofA lowered the firm’s price target on Constellation Energy (CEG) to $366 from $380 and keeps a Buy rating on the shares. Constellation and
Power stocks plunge as energy needs called into question because of new China AI lab
The debut of China's DeepSeek AI lab is raising doubts about the billions of dollars the tech sector is investing in data centers.
Nuclear stocks tank as energy names get caught in DeepSeek-fueled rout
Nuscale Power Corp, one of the market's best-performing nuclear energy stocks in 2024, dropped as much as 24%. Vistra Corp, another nuclear power provider, dropped as much as 26%, while Talen Energy Corp and Constellation Energy Corporation dropped 21% and 20%, respectively.
Inside Climate News7h
DeepSeek’s Emergence Shows the Power Sector’s AI Dreams May Not Proceed as Expected
The Chinese AI company roiled financial markets and showed the road to growth in electricity demand may be bumpy.
AI-exposed power stocks rebound after DeepSeek release casts 'uncertainty' over industry
AI-exposed power stocks attempted a rebound Tuesday after getting crushed over worries of less-than-expected energy demand.
E&E1d
‘Game changer’? What ‘DeepSeek’ AI means for electricity.
The Chinese company says its AI model is cheaper and uses less energy than those of its competitors, driving questions about predictions of enormous power
Tech stocks fall as China's DeepSeek sparks U.S. worries about the AI race
DeepSeek released an open-source artificial intelligence model in December, saying it took only two months and less than $6 million to create it.
Tuko on MSN2d
DeepSeek breakthrough raises AI energy questions
Having shattered assumptions in the tech sector and beyond about the cost of artificial intelligence, Chinese startup DeepSeek's new chatbot is now roiling another industry: energy companies.
Energy Stocks Linked to AI Boom Dragged Lower by DeepSeek
Constellation Energy, the biggest U.S. producer of nuclear power, dropped 17% in late morning trading Monday. Nuclear-heavy power company Vistra Energy, Nano Nuclear Energy and Vertiv Holdings--which provides cooling and energy management for data centers--each lost about a fifth of their market value, as did power-turbine maker GE Vernova.
E&E2d
Can electricity forecasts be trusted in the age of AI?
The implosion of U.S. tech stocks on Monday and Trump-era turbulence are making it a lot harder to predict future energy demand.
Intelligencer on MSN2d
DeepSeek May Be the Walmart of AI
In the most recent episode of Pivot, Kara Swisher and Scott Galloway discuss the Chinese AI firm and its cost-effective new model.