Why Constellation Energy Stock Was Sliding This Week
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Constellation Energy's stock declined this week due to the launch of DeepSeek, a Chinese AI start-up, which is reportedly achieving performance similar to ChatGPT and Alphabet's Gemini at a lower cost. This development impacted several stocks, including Constellation Energy.
January 31, 2025 | 6:30 pm
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Constellation Energy's stock fell by 3.09% this week, influenced by the launch of DeepSeek, a Chinese AI start-up with competitive capabilities to ChatGPT and Gemini at a lower cost.
The launch of DeepSeek, a cost-effective AI competitor, has created market concerns, leading to a decline in Constellation Energy's stock. Investors may be worried about the competitive pressure and potential market shifts due to this new AI technology.
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