Reported 2 days ago
Nvidia CEO Jensen Huang's net worth fell by $18 billion on Monday as the company's stock plummeted nearly 16%, impacting its market capitalization by over $465 billion. This decline, which pushes Nvidia below Apple and Microsoft in market value, was sparked by concerns over competition from Chinese AI startup DeepSeek. Despite the panic in the tech sector, analysts suggest that the threat posed by DeepSeek may not be significant enough to challenge U.S. tech dominance.
Source: YAHOO