The recent momentum in the nuclear sector has helped many stocks recover after the DeepSeek scare.
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 NASDAQMETA 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.
led the selloff, diving 17% after more than tripling since its June IPO. The company owns about 272,000 acres in the Permian Basin, and aims to generate business from land that can support gas-fired power plants in the United States. Nuclear Stocks Bounce Back Thankfully, the recent momentum in the nuclear sector has helped many stocks recover after the DeepSeek scare. Last week, President Donald Trump announced a $500 billion joint venture with Oracle Corp.
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