Shares of power capex stocks such as Hitachi Energy India, CG Power, GE Vernova and others fell up to 16% over two sessions after OpenAI and Anthropic leaders called for a slowdown in AI development to manage risks and protect humanity.
GE Vernova T&D India shares fell nearly 9% over the two sessions, while CG Power declined 8%. Hitachi Energy shares were down around 6%, while Sterlite Tech and HFCL tumbled 10% each. TD Power Systems shares crashed 16% during the period.
