Nvidia CEO Jensen Huang lost nearly 20% of his net worth after Chinese AI upstart DeepSeek sparked a sell-off in AI-related stocks on Monday. Huang's net worth fell from $121 billion to around $100 billion,

The recent AI advances by Chinese upstart DeepSeek could be the beginning of a potential nightmare scenario that Nvidia Corp. Chief Executive Jensen Huang has been worrying about since the chip maker’s meteoric rise.

Five hundred of the world’s richest people collectively lost $108 billion after the Chinese-headquartered artificial intelligence company DeepSeek upended the U.S. stock market Monday, Bloomberg reported — and several of the biggest losses were among some of the Bay Area’s biggest figures in tech .

NEW YORK – The world’s 500 richest people, led by Nvidia co-founder Jensen Huang, lost a combined US$108 billion (S$145 billion) on Jan 27 as a tech-led sell-off tied to Chinese AI developer DeepSeek sent major indexes plunging.

Despite a remarkable surge in net worth, Jensen Huang, CEO of Nvidia, saw a significant dip of $20.1 billion due to the rising competition from Chinese AI firm DeepSeek, which caused a market-wide selloff and cast doubts on the sustainability of capital-heavy AI investments.

Tech billionaires lost around $100 billion as Chinese AI disruptor DeepSeek challenges Silicon Valley with a low-cost chatbot.

The world’s wealthiest individuals, led by Nvidia Corp.’s co-founder Jensen Huang, saw their fortunes take a staggering hit on Monday,

In a significant shakeup, the January 20 release of DeepSeek AI, a cutting-edge product from a Chinese start-up, has sent shockwaves within global AI and semiconductor markets. The announcement triggered a massive selloff in Nvidia shares, resulting in a record US$ 589 billion loss in market capitalization.

The sudden popularity of the Chinese chatbot drove a huge plunge in shares of Nvidia. But other A.I. powerhouses rallied. Here’s why.

The S&P500 and the Nasdaq Composite declined as investors questioned America's AI dominance after DeepSeek launched its free AI chatbot.

While Huang and Ellison suffered losses, other major tech billionaires’ fortunes escaped unscathed. Zuckerberg’s net worth ended the day up, gaining $4.3 billion as Meta rebounded from an early-session decline.

David Borish, an AI strategist, said DeepSeek's AI model/chatbot costs 95% less to operate ... More: Nvidia's stock selloff means the value of Jensen Huang's stake is down by more than $20 billion ...