The logic of Electric Power stocks also collapsed under DeepSeek.

Analysts point out that the bullish logic of independent power producers and most Multiline Utilities companies relies entirely on Datacenters. The emergence of DeepSeek may indicate that large Technology companies are overspending on electrical utilities for AI plans. If reality shows that "smaller" Datacenters are just as good, then their upward momentum may temporarily cool.

wallstreetcn21minutes ago

The Chinese AI that is more popular than ChatGPT! DeepSeek's 'Energy efficiency bomb' has shaken the American stock market's Energy Sector.

Stocks of American Electric Power, utilities, and Henry Hub Natural Gas companies experienced one of the largest single-day declines on record, as new AI technology launched by the Chinese startup DeepSeek raised doubts about the expected surge in American electric demand and technology spending.

Zhitong Finance10:12

DeepSeek Undercuts Belief That Chip-Hungry U.S. Players Will Win AI Race -- WSJ

WSJ10:00

Express News | U.S. stock night trading: chip stocks and Nuclear Power stocks rebound, with NVIDIA rising more than 2%.

Breakings09:09

Vistra and Other AI Data Center Stocks Crash. Doubts Are Starting to Creep In. -- Barrons.com

Barron's07:41

U.S. stocks closed | DeepSeek impacts Global computing power! The Dow Jones stood out, while the Nasdaq fell more than 3%, and NVIDIA plunged nearly 17%.

The Chip Index plummeted over 9%, Broadcom fell over 17%, Taiwan Semiconductor dropped over 13%, AMD and ASML Holding decreased by about 6%, and Oklo, a nuclear power stock that Altman bet on, fell nearly 26%.

wallstreetcn07:05