drmonalidesai on Nostr: US energy stocks plummet as DeepSeek raises data center demand doubts. The AI ...

US energy stocks plummet as DeepSeek raises data center demand doubts. The AI revolution has come with assumptions that computing and energy needs will grow exponentially, resulting in massive tech investments in both data centres and the means to power them, bolstering energy stocks. However DeepSeek has been able to use far less energy with impressive results versus its American competitors. Investors seemed concerned, selling stocks in US energy and tech companies.
https://www.reuters.com/business/energy/us-power-stocks-plummet-deepseek-raises-data-center-demand-doubts-2025-01-27/