Here's Why Shares in GE Vernova Slumped This Week
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Shares in GE Vernova (NYSE: GEV), a gas power, wind turbine, and electrification technology company, were down almost 9% this week, as of Friday morning. The move follows the release of Chinese start-up DeepSeek's latest artificial intelligence (AI) model. DeepSeek claims that its AI models cost a fraction of U.S. models. If this is accurate and the models are of similar quality, it could challenge the investment thesis that beguiled the market in 2024. The thesis is that demand for AI applications will increase the need for the power that runs data centers. It's one that the likes of the major cloud service providers, Amazon's Amazon Web Services, Alphabet's Google, and Microsoft's Azure, have embraced as they've signed deals to procure long-term power from the nuclear industry. Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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