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Energy and Nuclear Stocks Recover After DeepSeek Selloff

Energy and Nuclear Stocks Recover After DeepSeek Selloff

The U.S. stock markets were routed last Monday after China’s AI lab DeepSeek rattled Silicon Valley after its large language model outperformed American AI leaders, defying American attempts to stop China’s high-tech ambitions. According to benchmarks posted on DeepSeek’s website, R1 outperformed models from OpenAI, Meta (NASDAQ:META) and Anthropic, who have spent billions of dollars building their models. In a technical report, DeepSeek said its V3 model had a training cost of only $5.6 million–a fraction of the hundreds of millions…

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