Shares of Constellation Energy Corp, a leading nuclear energy company, surged 5.06% on Wednesday, outperforming the broader market. This rebound comes after a sell-off in nuclear energy stocks earlier this week due to concerns over the potential impact of DeepSeek, a new AI technology from a Chinese startup.
On Monday, nuclear energy stocks experienced sharp declines, with some recording their biggest one-day drops in recent history. Investors feared that DeepSeek could reduce projected electricity demand and tech spending in the United States, which had previously fueled expectations of strong growth for nuclear energy companies.
However, as investors had more time to digest the implications of DeepSeek, they appear to have reassessed the threat, leading to a recovery in nuclear energy stocks like Constellation Energy Corp. Additionally, the company's strong fundamentals and the growing demand for clean energy sources may have contributed to the stock's rebound.
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