US power stocks plummet as DeepSeek raises data center demand doubts
1. U.S. utilities face sharp declines due to AI's impact on electricity demand. 2. DeepSeek's technology raises concerns over future energy consumption forecasts.
FAQ
Why Bearish?
Decline in utility shares may indicate broader market weakness, similar to past tech disruptions.
How important is it?
Utility sector's performance can significantly affect S&P 500; tech disruptions are crucial to gauge market outlook.
Why Short Term?
Immediate sell-off suggests quick market adjustments; long-term effects depend on sustained AI advancements.