Shares of Apple (AAPL) charged higher on Monday, bucking the trend as its large-cap tech peers tumbled on concerns a🌌bout overspending on AI.

AI stocks 澳洲幸运5官方开奖结果体彩网:were reeling on Monday as Wall Street mulled the success of Chinese startup 澳洲幸运5官方开奖结果体彩网:DeepSeek’s open-source AI model, which can reportedly 𒁏compete with leading American models from the lik✤es of OpenAI and Google at a fraction of the cost. 

Apple, on the other hand, gained more than 3% Monday🔯 as what was once considered a headwind for the company—🎶its relatively modest investment in AI compared with its mega-cap peers—came to look more like a tailwind. 

The efficiency of 澳洲幸运5官方开奖结果体彩网:DeepSeek’s AI could also be contributing to Apple’s outperformance. The iPhone make🎉r's AI success depends on its ability to develop devices powerful enough to run AI models. DeepSeek’s efficiency suggests ꧑that could be a less challenging and less expensive prospect than it once seemed.

Jefferies analysts in a note on Monday warned, though, that an AI model efficient enough to run on an iPhone without raising costs is likely a ways off. “DeepSeek’s success offers some hope,” they wrote, “but there is no impact on AI smartphone's near-term outlook.”

Nuclear Power and Chip Stocks Tumble

Nuclear power stocks Vistra (VST) and Constellation Energy (CEG), which have run up in the last year amid surging electricity demand from AI data centers, 澳洲幸运5官方开奖结果体彩网:led the sell-off on Monday. AI chipmakers like Nvidia (NVDA) and Broadcom (AVGO) 澳洲幸运5官方开奖结果体彩网:plummeted as De𓄧epSe✤ek raised concerns that American tech companies don’t need the most advanced, expensive chips to run powerful models. 

Cloud hyperscalers Microsoft (MSFT) and Alphabet (GOOG)(GOOGL) also fell on Monday. They have spent tens of billions of dollars on the AI arms race, building data centers, outfitting them with the most advanced hardware, and signing deals with energy providers to secure reliable sources of electricity. Jefferies analysts speculated DeepSeek could put executives at these companies under pressure to slow their pace of AI investment and explore ways to match DeepSeek’s efficiency.

UPDATE: This article has been updated after initial publication with closing share price information.