Tech Sell-Off Fueled by DeepSeek Hits Other Winners of the AI Boom

• US tech stocks weren’t the only big losers from the DeepSeek-fueled rout on Monday.
• Utility and energy firms that have gained on the promise of an AI boom also plunged.

The DeepSeek wipeout did more than topple mega-cap tech stocks during Monday’s sell-off — many of the under-the-radar winners of the artificial intelligence boom in the past year also plunged.