DeepSeek Billionaire Rout: Nvidia’s Huang And Oracle’s Ellison Lose Combined $48 Billion
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,
Nvidia drops 15% as Chinese AI startup DeepSeek spurs brutal rout of tech stocks
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,
Nvidia suffers 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.
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.
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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.
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 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.
DeepSeek hype: Nvidia lost 600 billion US dollars in stock market value in a day
After a Chinese AI app suddenly overtook the competition from OpenAI at the weekend, the AI sector had a dark day on the stock market.
Oracle's Larry Ellison Says Cancer Vaccine Tailored In 48 Hours Could Soon Be A Reality As Trump Announces $500 Billion AI Investment
Larry Ellison unveiled plans for an AI-driven cancer vaccine system that could deliver personalized treatments within 48 hours.
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Why America’s tech oligarchy is in a shambles
This is a massive head start, and cultural symmetry that seemed to make American AI predestined. Open AI is backed by a US$14 billion investment from Microsoft, and has access to the cloud infrastructure that powers its Large Language Model.
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What Elon Musk should learn from Larry Ellison
Even so, Mr Ellison remains the world’s fifth-richest man, and Oracle the third-biggest software firm. He has a thing or two to teach fellow tech titans, in particular his friend Elon Musk, about staying power.
Oracle debuts new AI agents as artificial intelligence war enters next battle
Oracle ( ORCL ), fresh off of announcing its part in the massive Stargate Project alongside OpenAI and SoftBank, debuted its latest AI agents aimed at manufacturers during its CloudWorld event in Austin Thursday. Scott Bessent confirmed as Treasury secretary, giving him a key role in extending Trump's tax cuts