Stocks and Investing
Stocks and Investing
Mon, January 27, 2025
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Power Providers Drop With Big Tech on DeepSeek AI Worry
- A selloff in global technology stocks is causing shockwaves beyond chipmakers and the Magnificent Seven to companies expected to power the sector.
The article from BNN Bloomberg discusses a significant drop in the stock prices of power providers and major technology companies, triggered by concerns over the potential impact of DeepSeek AI, a new artificial intelligence venture. DeepSeek AI, backed by a group of investors including Tencent Holdings Ltd., has introduced a new AI model that promises to challenge existing tech giants in the AI space. This development has led investors to reassess their holdings in traditional power companies, which could see reduced demand if AI technologies lead to more efficient energy use or alternative energy solutions. Additionally, tech giants like Microsoft, Google, and Amazon experienced declines in their stock values due to fears that DeepSeek AI might disrupt the market dynamics, potentially reducing their market share or forcing them to adapt their business models. The article highlights the broader market's reaction to the evolving AI landscape, where innovation could significantly alter industry standards and competition.
Read the Full bnnbloomberg Article at:
[ https://www.bnnbloomberg.ca/investing/2025/01/27/power-providers-drop-with-big-tech-on-deepseek-ai-worry/ ]
Read the Full bnnbloomberg Article at:
[ https://www.bnnbloomberg.ca/investing/2025/01/27/power-providers-drop-with-big-tech-on-deepseek-ai-worry/ ]
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