10 Firms Lead Thursday’s Rally on Better Earnings, Bargain-Hunting

3. Vistra Corp. (NYSE:VST)

Vistra Corp.’s share prices increased by 13.57 percent on Thursday to finish at $176.30 each as investors resorted to bargain-hunting after plunging by 30 percent earlier this week amid news that China-based DeepSeek, a new competitor to OpenAI’s ChatGPT, successfully trained its own models like OpenAI and Google for only $5 million, or a fraction of the US companies’ cost in developing their models.

The news dragged down sentiment among Vistra investors over fears that the huge technology companies developing Artificial Intelligence may not need as much power as previously anticipated.

However, Thursday’s bullish sentiment was buoyed by analyst statements that DeepSeek was not built for only $5 million, with a report from Bernstein saying that claims of building an AI system comparable to OpenAI for just $5 million are not true.

According to the report, DeepSeek’s released amount may only consider the computational resources, leaving out the significant costs related to research, experimentation, and other developmental expenses.