Several notable billionaires suffered huge blows to their fortunes on Monday when the Chinese generative artificial intelligence startup deepseek disrupted the United States stock market, especially affecting the American leader of artificial intelligence, Nvidia.
Nvidia’s shares fell 17% and the company lost a historic figure of 589,000 million dollars in market capitalization. This directly impacted the fortune of his CEO and greater individual shareholder, Jensen Huang, who lost 20.8 billion dollars at the close of the market.
Huang’s fortune collapsed from 124,400 MDD to 103,700 million pesos, which displaced him from the tenth place in the ranking of billionaires in real time of Forbes to the 17th place.
Now he is behind the Spanish fashion magnate Amancio Ortega, the heirs of Walmart Rob Walton, Jim Walton and Alice Walton, the co -founder of Microsoft Bill Gates, the Dell Michael Dell CEO and the ex -mayor of New York Michael Bloomberg.
The Huang’s fall percentage rivaled with a loss of 27,600 MDD for Oracle President Larry Ellison, since the firm’s actions fell by 14%. Ellison fell from the third richest person from Earth to fifth place, behind the executive director of Meta, Mark Zuckerberg, and the luxury magnate LVMH, Bernard Arnault.
Lee: Nvidia is ‘Acalambra’ against China Depseek: it has a greater loss in the history of USA
Nvidia and Oracle were among several technological giants that lost this Monday, since the Deepseek model, supposedly developed by a fraction of the cost of their US competitors such as Openai Chatgpt, questioned if companies will continue to spend exorbitant sums in the necessary technology to enhance and train generative artificial intelligence.
The 10 billionaires that lost the most
- Larry Ellison, president of Oracle (fortune reduced by 27,600 MDD).
- Jensen Huang, CEO of Nvidia (20,800 mdd).
- Michael Dell, CEO de Dell (12,400 mdd).
- Larry Page, Google co -founder (6,300 MDD).
- Sergey Brin, Google co -founder (5,900 MDD).
- Andreas von Bechtolsheim, Inversor Temprano en Google (5,400 mdd).
- Elon Musk, CEO de Tesla (5,300 mdd).
- Thomas Peterffy, presidente de Interactive Brokers (4,100 mdd).
- Henry Samueli, President of Broadcom (3,700 MDD).
- Henry Nicholas III, cofundador de Broadcom (2,800 mdd).
Those who won
On Monday it was, to a large extent, a brutal day for American technological actions, but there was a remarkable exception: Apple, whose actions rose more than 3%. This Apple movement against the general losses of the market is probably due to its lower investment in artificial intelligence compared to its largest technological peers.
Berkshire Hathaway’s class B actions, Warren Buffet’s conglomerate, rose 2.5%, since their largest investment by market value (their 2% participation in Apple) benefited. This made Buffett the American billionaire who won the most on Monday, with an increase of 2,300 million pesos in his fortune.
Lee: What is Deepseek and why is the artificial intelligence sector revolutionizing?
Apple’s billionaire CEO, Tim Cook, increased its wealth by 23 million dollars, and Laurene Powell Jobs, philanthropy and widow of the co -founder of Apple Steve Jobs, rose 289 million dollars.
American actions had problems on Monday, since the S&P 500 fell 1.5% and Nasdaq, with a large presence of technology companies, 3.1%; A large part of the losses of the index were due to the falls of Nvidia and other large technology companies.
Deepseek’s generative artificial intelligence model, which rivals Openai and Google’s Chatgpt Rasgon, is an important underestimation, although he opened the door to an advanced artificial intelligence that uses a much lower amount of the expensive technology sold by Nvidia.
In addition to the specific Nvidia potential of lower sales of GPU as artificial intelligence models advance, Depseek’s drama also questioned the high valuations enjoyed by the largest companies in the United States following the revolution of generative artificial intelligence, focused largely on the United States, which now has an important Chinese rival in Deepseek.
This article was originally published by Forbes US
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