Part 4/12:
The stock market reactions did not just affect Nvidia; a host of utility companies and firms expected to benefit from the emerging data center economy also experienced downturns. Companies like Constellation Energy and GE Vernova, directly tied to the announcement of large-scale AI data centers, saw their stock value drop. The expectation had been a massive investment—originally projected at $100 billion for projects like the Stargate Project—but the realization of DeepSeek’s economical model raised critical questions about the future landscape of AI spending and data center development.