Jensen Huang lost close to 20% of his net worth on Monday after DeepSeek roiled the AI industry
Huang's net worth fell from $121 billion to around $100 billion, per the Bloomberg Billionaires Index.
Nvidia faces a reckoning as Chinese upstart raises questions about Wall Street’s darling
The superstar run for Nvidia’s stock the last few years has been astonishing. So was its tumble Monday, which caused $595 billion in wealth to vanish.
Nvidia faces competition from Chinese upstart DeepSeek: How did it all happen?
Mostly known only in gaming and crypto circles a few years ago, Nvidia burst into the zeitgeist after seeing its sales surge because customers wanted its chips to train their chatbots and other artificial intelligence products.
Nvidia faces a reckoning as Chinese upstart raises questions about Wall Street's darling
Nvidia became a household name as its stock more than tripled in 2023 and then more than doubled in 2024. Investors and analysts lauded CEO Jensen Huang as the “Godfather of AI.” Nvidia grew into a $3 trillion-plus behemoth and traded places with titans like Apple to become the most valuable company on Wall Street.
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Stay up to date on the latest headlines in today's Sunrise Smart Start for Tuesday, January 28, 2025. DeepSeek could represent Nvidia CEO Jensen Huang’s worst nightmare
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Children's Health treated nearly 800 cases in one week this month. DeepSeek could represent Nvidia CEO Jensen Huang’s worst nightmare 18 Habits Men Should Rethink After Marriage Miami Heat Issue Statement On Jimmy Butler's Indefinite Suspension;
Starbucks bets on mugs, macchiato art in test of CEO’s plan
The changes mark the first major test of whether chief executive Brian Niccol can dig the company out of its first annual sales decline since the pandemic hit in 2020. Part of his plan involves persuading Americans to once again view Starbucks as the go-to place to hang out.
Nvidia’s Jensen Huang suffers a $20 billion blow to his net worth following DeepSeek bloodbath—it’s the biggest one-day loss in history
Huang, who cofounded Nvidia in 1993, owns roughly 3.4% of the company, according to Bloomberg. Indeed, the tech giant took a bit of a stumble yesterday, losing around $600 billion in market cap as shares plummeted by 17%. The manufacturing chip company is falling from great heights; this past summer, it surpassed a $3 trillion market cap.