Siemens Energy and GE Vernova hammered in DeepSeek AI shares rout

Energy technology giants see 20% falls as Chinese newcomer casts doubt on level of power needed for AI revolution

Television graphics are seen in the window of Nasdaq headquarters in Times Square, as Nasdaq fell nearly 4 percent this morning on January 27, 2025 in New York City.
Television graphics are seen in the window of Nasdaq headquarters in Times Square, as Nasdaq fell nearly 4 percent this morning on January 27, 2025 in New York City.Photo: BRYAN R. SMITH
Published 27 January 2025, 22:13Updated 28 January 2025, 10:31
GE VernovaSiemens Energy