These 29 AI Electricity, Infrastructure Stocks Are Crashing Due to DeepSeek News

16. GE Vernova Inc. (NYSE:GEV)

Number of Hedge Fund Holders: 89

Share Price Decline: (15.55%)

GE Vernova Inc. (NYSE:GEV) is an energy equipment manufacturing firm. Share prices of the stock were down more than 15% in a share rout following the emergence of DeepSeek. Previously, GE Vernova’s Scott Strazik said that “gas has never had so much fun”, a large reason for which was the optimism surrounding the predicted data boom. Now that investors are worried that there is going to be less need for electricity over the long term, GEV has been tumbling like many other utility stocks. On January 28, TD Cowen raised the firm’s price target on GE Vernova (GEV) to $405 from $400 and kept a “Buy” rating on the shares. The firm noted that GEV’s Q4 commentary has been positive, but the arrival of DeepSeek’s AI model, with its lower electricity usage, has impacted power stocks as investors worry about the efficiency threat.