AI
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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