Why Constellation Energy Stock Was Sliding This Week
Constellation Energy (NASDAQ: CEG) was among the losers this week as the deregulated utility was one of a number of stocks to get hit hard by the launch of DeepSeek, the Chinese AI start-up that is reportedly able to achieve performance results similar to ChatGPT and Alphabet's Gemini, but at a much lower cost.
The news caused investors to question the trajectory of the AI infrastructure because it made it seem like tech companies may be overspending.
Constellation Energy fell 21% on Monday as a result. However, the stock recouped some of those losses over the remainder of the week as AI stocks generally rebounded, and it was down 13% for the week as of Friday at 10:51 a.m. ET, according to S&P Global Market Intelligence.
Source Fool.com
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