Power stocks plunge as energy needs called into question because of new China AI lab
Publishing timestamp: 2025-01-27 13:59:29
Summary
Power companies like Constellation Energy, Vistra Corp., and GE Vernova tumbled as China's DeepSeek AI lab debuted, raising questions about the actual energy consumption of AI applications. Natural gas stocks also fell steeply, suggesting doubts about the expected boost from data center demand. DeepSeek's AI models are challenging U.S. leadership in AI, leading to concerns about cloud capex, chip growth, and power requirements. Tech companies have been looking to nuclear power as a reliable, carbon-free energy source for data centers.
Sentiment: NEGATIVE
Tickers: VST, MSFT, KMI, WMB, GEV, UNDEFINED, EQT, AMZN, CEG,
Keywords: vistra corp, constellation energy corp, markets, china, environment, kinder morgan, breaking news: technology, breaking news: markets, satya nadella, technology, williams companies inc, ge vernova inc, energy, business news, eqt corp, talen energy corp, amazon.com inc, microsoft corp,