DeepSeek Billionaire Rout: Nvidia’s Huang And Oracle’s Ellison Lose Combined $48 Billion
- Several billionaires lost significant wealth as DeepSeek disrupted the U.S. Stock market, with Nvidia CEO Jensen Huang losing $20.8 billion by market close.
- Nvidia shares dropped 17%, resulting in a record loss of $589 billion in market capitalization.
- Oracle Chairman Larry Ellison experienced a $27.6 billion loss, dropping from the third to the fifth richest person.
- DeepSeek's AI model raised concerns about the future spending on generative AI technology by U.S. Companies.
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23 Articles
23 Articles
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2
Center
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Coverage Details
Total News Sources23
Leaning Left2Leaning Right4Center2Last UpdatedBias Distribution50% Right
Bias Distribution
- 50% of the sources lean Right
50% Right
L 25%
C 25%
R 50%
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