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

The debut of China's DeepSeek AI lab is raising doubts about the billions of dollars the tech sector is investing in data centers.

A Chinese artificial intelligence app called DeepSeek has exploded the U.S. energy industry’s road map of the future.

The Chinese AI company roiled financial markets and showed the road to growth in electricity demand may be bumpy.

Shares of nuclear power providers tumbled on Monday as markets reacted to the success of a Chinese startup’s AI model that challenges the performance of the most advanced American models.

AI-exposed power stocks attempted a rebound Tuesday after getting crushed over worries of less-than-expected energy demand.

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.

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.

The implosion of U.S. tech stocks on Monday and Trump-era turbulence are making it a lot harder to predict future energy demand.

Constellation Energy Corporation (NASDAQ:CEG) Number of Hedge Fund Investors: 78 The firm sells electricity and could face a slump in demand if AI models become energy-efficient like 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.

Investors spent much of 2024 looking for less crowded trades set to gain from the AI boom. This week many of those names got caught in the historic sell-off.