Constellation Energy, Vistra, and GE Vernova Plunge. Why AI Energy and Infrastructure Stocks Are Sliding.
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The rise of DeepSeek, the Chinese artificial-intelligence company, is poking a hole in one of the most pervasive narratives about AI: that it will need enormous amounts of energy to run. 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 than the megalith data centers that big American tech companies are building.
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