DeepSeek Billionaire Rout: Nvidia’s Huang And Oracle’s Ellison Lose Combined $48 Billion
Nvidia drops 15% as Chinese AI startup DeepSeek spurs brutal rout of tech stocks
Nvidia Erases $589 Billion in Value as DeepSeek Batters Stock
Larry Ellison, Oracle Co-Founder And One Of Richest Men In The World, Saw His Net Worth Dip $22.6 Billion In One Day Due To DeepSeek Selloff
Larry Ellison, the Oracle (NYSE:ORCL) co-founder and one of the richest people on the planet, watched $22.6 billion disappear in a single day on January 27—and he didn't even have to lift a finger. The selloff was brutal,
From Larry Ellison To Jensen Huang, Here Are Some American Tycoons Who Lost Billions In Personal Net Worth In A Day Amid DeepSeek Chaos
The American markets were spooked by the DeepSeek AI storm on Monday, January 27. While Dow Jones closed in green with minor gains, the tech-heavy Nasdaq closed with colossal losses of 612.47 points,
How Stargate Partners Oracle, Open AI, Nvidia And Softbank Aim To Transform Healthcare
The $500 billion Stargate project will be critical to "maintain American leadership in AI," one of the partners said in a statement.
World’s richest people suffer $108 billion loss on DeepSeek fuelled tech selloff
A tech selloff led by Chinese AI developer DeepSeek erased $108 billion from the wealth of the world’s richest, with Nvidia’s Jensen Huang losing $20.1 billion. Despite losses, some like Zuckerberg and Bezos saw their fortunes rise significantly amid the AI boom.
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Trump’s $500B Stargate A.I. Project: What Will It Build and Does It Actually Have the Money?
President Donald Trump announced an A.I. initiative called Stargate. During a press conference at the White House attended by SoftBank (SFTBF) CEO Masayoshi Son and Oracle founder Larry Ellison, the returning President told reporters the initiative will invest $500 billion—equivalent to almost 2 percent of the annual U.
World’s richest people lose billions in Nvidia plunge
The world’s 500 richest people, led by Nvidia co-founder Jensen Huang, lost a combined $US108 billion ($172 billion) on Monday as a tech-led selloff tied to Chinese AI developer DeepSeek sent major indices plunging.
$20 billion gone in one day! Nvidia’s Jensen Huang loses 20% net worth amid DeepSeek disruption
Nvidia co-founder Jensen Huang's wealth dropped $20.1 billion as Nvidia shares fell 17% amid fears that DeepSeek's low-cost AI model could disrupt the tech industry. Nvidia lost $593 billion in market value,
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Stargate AI project could help create cancer mRNA vaccine, Oracle CEO Larry Ellison says
We're learning more about a massive artificial intelligence infrastructure bill announced Tuesday by President Donald Trump.
Why Oracle Stock Is Skyrocketing Today
Shares of Oracle ( ORCL 6.75%) are flying higher on Wednesday. The company's stock is up 6.4% as of 11:20 a.m. ET, but gained as much as 11.3% earlier in the day. The sharp move came as the S&P 500 and the Nasdaq Composite gained 0.7% and 1.3%, respectively.
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Explainer: What is Stargate? Inside the $500 billion AI infrastructure push by OpenAI, Oracle, and SoftBank
Stargate, a $500 billion joint venture by OpenAI, Oracle, and SoftBank, aims to revolutionize AI infrastructure with cutting-edge data centers and energy solutions, shaping the future of artificial intelligence in the U.
DeepSeek Panic Live Updates: Nvidia Stock Drops 4%—As Trump Reportedly Mulls China Chip Sale Restrictions
Nvidia shares' 9% recovery Tuesday was the second-best day in terms of market cap added for any company ever—but the company faced another selloff Wednesday.