S&P 500 nuclear power giants Constellation Energy (CEG) and Vistra (VST) plummeted early Monday as China's private DeepSeek startup shook the markets. DeepSeek released a powerful artificial intelligence program that it claims cost just $5.6 million to build, marking a possible paradigm shift from the massive levels of investment by technology industry giants in energy and AI infrastructure.
Nuclear stocks swooned Monday during market action, marking a reverse of fortunes compared to last week. The sector had broadly advanced after President Donald Trump's announced Tuesday afternoon that Sam Altman's OpenAI, SoftBank and Oracle (ORCL) are planning a joint venture called Stargate, to build data centers and other AI infrastructure in the U.S., with investments of up to $500 billion.
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