Energy Companies Stocks Plummet as DeepSeek Shows AI Doesn't Need Entire Coal Plants to Cheat on Homework
Joe Wilkins
created: Jan. 28, 2025, 8:30 p.m. | updated: March 19, 2025, 5:36 p.m.
<p>The Market Speaks After just one day of market trading, Hangzhou-based AI startup DeepSeek has absolutely liquidated the AI tech bubble. Today, tech stocks continue to be volatile for AI-adjacent industries. The semiconductor company Broadcom was down over 17.5 percent over two days, and Nvidia continues to fluctuate after shedding nearly $600 billion in one day, dragging the NASDAQ down by 3 percent. Now joining them are energy and utility corporations, as investors reel from the knock-on effects of DeepSeek's more efficient AI development model which uses considerably less power than OpenAI to achieve similar results. "Natural-gas producers EQT and […]</p>
5 months, 1 week ago: Futurism