Power capex stocks drop up to 16% amid AI slowdown fears
after close1 source ↓written by the desknot a recommendation
- 16%
- over two sessions
- 9%
- saw declines
- 8%
- 10%
Shares of power capex stocks fell sharply, with TD Power Systems down 16% and GE Vernova declining nearly 9% over two sessions. CG Power and HFCL also saw declines of 8% and 10%, respectively. This sell-off follows calls from AI leaders for a slowdown in AI development, raising concerns about future demand for power generation amid India's data center boom. ⚡
Not investment advice. For informational purposes only.