January 30, 2025

TG Watkins – Technical Analysis & Trading Strategies: DeepSeek Market Volatility In AI, Semiconductor, Utilities, Nuclear, Uranium, and Crypto Mining Stocks

20 minutes

TG Watkins, Director of Stocks at Simpler Trading and Editor of the Profit Pilot website, joins us to share his key technical and trading insights after the market pullback earlier this week on the back of the news about the disruptive Chinese AI platform unrolled by DeepSeek. Various sectors of the market saw double-digit moves down on Monday like artificial intelligence, semiconductors, utilities, nuclear, uranium, and crypto mining stocks, and we are looking at how things are acting here mid-week.

We start off looking at the charts of NVIDIA Corp (Nasdaq: NVDA), the VanEck Semiconductor ETF (SMH), and Applied Digital Corporation (Nasdaq: APLD) as the chip and AI infrastructure stocks that were quite effected.

Next we look into how the narrative had shifted around the anticipated power generation needs for A.I., and how that roiled utility stocks like Constellation Energy Corp (Nasdaq: CEG), or small modular nuclear reactor stocks like Oklo Inc (NYSE: OKLO) and NuScale Power Corporation (NYSE: SMR). TG makes the point that most of these stocks had huge runs higher into overbought territory leading up to this week’s corrective moves, and discusses where he sees support coming in, and what he will be watching moving forward. In sympathy with the utilities and SMR stocks selling down, we also saw the uranium mining stocks get hit hard earlier this week, so we take a closer look at the technical setup on the Sprott Uranium Miners ETF (NYSE: URNM).

Wrapping up we also reviewed how the power consumption needs of crypto mining companies, counting on all that additional power generation from AI to improve the energy grid and efficiencies, also had large corrective moves earlier this week. We look into Hut 8 Corp. (Nasdaq: HUT), IREN Limited (NASDAQ: IREN), and TeraWulf Inc. (Nasdaq: WULF) for key technical factors that TG will be watching on the charts.

Click here to see the YouTube version of this talk with the charts

Click here to visit TG’s site – Profit Pilot

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