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NVIDIA stock set for record wipeout on DeepSeek fears
Nvidia stock set for record wipeout on DeepSeek fears — as CEO Jensen Huang’s net worth tanks
US chip giant Nvidia and its CEO Jensen Huang are set for a record wipeout on Monday after Chinese startup DeepSeek upended the tech sector with its advanced new artificial intelligence model.
The Nvidia stock rout sent CEO Jensen Huang's net worth plummeting $18 billion
CEO Jensen Huang’s net worth plunged $18 billion Monday as the chipmaker’s stock continues to free fall. Huang was worth $106.3 billion as of Monday morning, down nearly 15%, according to Forbes Real-Time Billionaires list.
These Billionaires Lost The Most In DeepSeek Stock Rout—Led By Nvidia’s Huang’s Near $20 Billion
Investors soured on some tech stocks like Oracle and Nvidia as China’s DeepSeek sparked questions about the massive AI spending bolstering America’s biggest companies moving forward.
Nvidia stock: China's DeepSeek AI model shocks the world. Should you sell?
DeepSeek stunned the tech world with the release of its R1 "reasoning" model, matching or exceeding OpenAI's reasoning model for a fraction of the cost.
Nvidia's stock selloff means the value of Jensen Huang's stake is down by more than $20 billion
Jensen Huang still owns a hugely valuable stake in Nvidia Corp., but the chief executive's position is worth $20.7 billion less after Monday's sharp selloff. Huang's stake is now worth $101.9 billion,
Nvidia, DeepSeek and AI
DeepSeek caused a $600 billion freakout. But China’s AI upstart may not be the danger to Nvidia and U.S. export controls many assume
AI has fueled Nvidia's extraordinary rise to a $3 trillion market valuation. But on Monday, AI was the cause of a panic among Nvidia investors, sending its shares down almost 17% and wiping out nearly $600 billion in value.
Scale AI Founder Alexandr Wang: China's DeepSeek Has Many Of The Most Powerful Nvidia Chips Despite U.S. Export Controls
Billionaire and Scale AI CEO Alexandr Wang told CNBC's "Squawk Box" on Thursday that DeepSeek, the Chinese AI company that has sparked panic on the market by introducing a seemingly more efficient competitor to American AI tools,
Musk agrees with Scale AI CEO suggesting DeepSeek has more Nvidia chips
CEO Elon Musk seemed to agree with CEO of Scale AI Alexandr Wang suggesting that China's DeepSeek has about 50,000 H100 Nvidia's (NASDAQ:NVDA) chips, which they can't talk about due to U.S. export controls.
33m
on MSN
Former Intel CEO Pat Gelsinger is already using DeepSeek instead of OpenAI at his startup, Gloo
The tech industry's reaction to AI model DeepSeek R1 has been wild. Pat Gelsinger, for instance, is elated and thinks it will ...
10d
on MSN
Nvidia CEO Jensen Huang will skip joining fellow tech moguls for Trump’s inauguration
Meanwhile, a slew of other tech executives including Elon Musk, Jeff Bezos and Mark Zuckerberg are reportedly set to attend ...
The Verge on MSN
10d
Nvidia CEO will be one of the few tech bigwigs to skip Trump’s inauguration
Elon Musk, Mark Zuckerberg, Tim Cook, Jeff Bezos, Sundar Pichai, and even TikTok’s CEO Shou Chew are among the powerful tech ...
EconoTimes
15m
Nvidia Stock Plummets Amid Competition from DeepSeek's AI Models
Shares of Nvidia (NASDAQ:NVDA) plunged 16.86% on Monday, wiping out $589 billion in market value, following the debut of ...
3h
Nvidia Insiders Have Been Sellers
That's how much Nvidia stock the company's officers and directors sold from the beginning of 2023 through Friday, according to data from the Washington Service. It's hardly the most insider selling ...
4h
Nvidia reels after China’s AI breakthrough
Nvidia, which soared to the top of the stock market by selling the computer chips fueling the world’s artificial intelligence ...
6h
on MSN
Nvidia calls China's DeepSeek R1 model ‘an excellent AI advancement'
Nvidia called DeepSeek’s R1 model “an excellent AI advancement,” despite the Chinese startup’s emergence causing the chip ...
7h
on MSN
Intel's former CEO says the market is getting DeepSeek wrong after AI-chip-stock rout
The retired chip CEO claimed "the markets are getting it wrong" on Monday after investors triggered a sell-off in response to ...
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