The company Nvidia loses nearly 600 billion US dollars in one day. This affects not only the company but also numerous investors, including the CEO of Nvidia, Jensen Huang.
What is the current situation?
- The Chinese start-up DeepSeek presented its AI model as a competitor to ChatGPT. This literally caused a tremor in the US stock market.
- On that day alone, Nvidia lost 589 billion US dollars in market value, marking the largest loss in the company’s history (via Forbes.com).
- This also means Nvidia is worth less than Apple and Microsoft again, who now rank in the top two positions. At the end of 2024, Nvidia had risen to become the most valuable company in the world.
The high losses of Nvidia also impact the so-called shareholders of the company. One of them is CEO Jensen Huang, who is particularly affected.
Nvidia’s CEO loses 20 billion, but other billionaires also lose a lot of money
How much has Jensen Huang lost? The English-language magazine Forbes.com reports that the net worth of the CEO of Nvidia has fallen by 20.8 billion US dollars, which is approximately 19.8 billion euros.
His total wealth is said to have decreased from 124.4 billion to 103.7 billion US dollars. He no longer ranks among the top 10 in the list of the world’s richest people, having slipped to 17th place.
Who else is affected by the stock drop? In addition to Jensen Huang, other major figures in the tech sector lost a lot of money in one day. This includes Oracle CEO Larry Ellison, who lost 27.6 billion US dollars, and the two co-founders of the search engine Google: Larry Page (6.3 billion) and Sergey Brin (5.9 billion).
Larry Page co-founded Google with Sergey Brin and is now one of the wealthiest people in the world. However, he has not spoken to Elon Musk for years. Years ago, he even stated that he would trust the tech billionaire with his wealth: He founded Google and wanted to trust Elon Musk with his wealth of 110 billion euros – Today, they no longer speak a word to each other
