Power providers drop with big tech after DeepSeek sows AI doubts

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A selloff in global technology stocks is causing shockwaves beyond chipmakers and the Magnificent Seven.

Power providers and equipment suppliers to data centers were among the worst-hit stocks after an artificial intelligence model from Chinese startup DeepSeek threatened US dominance in the space. Today’s declines for energy and equipment firms reversed gains that came after US President Donald Trump announced a multibillion-dollar AI project last week.

Shares of Siemens Energy AG slid as much as 22%, erasing their 2025 gains. Sweden’s Munters…



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Power providers drop with big tech after DeepSeek sows AI doubts


A selloff in global technology stocks is causing shockwaves beyond chipmakers and the Magnificent Seven.

Power providers and equipment suppliers to data centers were among the worst-hit stocks after an artificial intelligence model from Chinese startup DeepSeek threatened US dominance in the space. Today’s declines for energy and equipment firms reversed gains that came after US President Donald Trump announced a multibillion-dollar AI project last week.

Shares of Siemens Energy AG slid as much as 22%, erasing their 2025 gains. Sweden’s Munters…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Team SNFYI
Hi! This is Admin.

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