Reported 3 days ago
Independent power producers saw significant stock declines following a global selloff in technology shares triggered by worries over an AI model from China's DeepSeek, which threatens U.S. market dominance. Major firms like Vistra Corp. and Siemens Energy experienced plunges of up to 23%, erasing billions in market value and reversing previous gains fueled by AI investments. Despite the downturn, analysts suggest the long-term demand for such companies remains strong.
Source: YAHOO