Why Constellation Energy Stock Was Sliding This Week

Constellation Energy (CEG -3.14%) was among the losers this week as the deregulated utility was one of a number of stocks to get hit hard by the launch of DeepSeek, the Chinese AI start-up that is reportedly able to achieve performance results similar to ChatGPT and Alphabet's Gemini, but at a much lower cost.The news caused investors to question the trajectory of the AI infrastructure because it made it seem like tech companies may be overspending.Constellation Energy fell 21% on Monday as a result. Howeve ...