Huang's net worth fell from $121 billion to around $100 billion, per the Bloomberg Billionaires Index.

Jensen Huang and Nvidia both saw their values hit hard Monday as investors digested the impact of Chinese AI company DeepSeek.

A Chinese company’s claim of a $5.6 million artificial intelligence breakthrough wiped almost $600 billion from Nvidia’s market value on Monday, shattering Wall Street’s confidence that tech companies’ AI spending spree will continue and dealing an apparent blow to US tech leadership.

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 selloff tied to Chinese AI developer DeepSeek sent major indices plunging.

Nvidia called DeepSeek’s R1 model “an excellent AI advancement,” despite the Chinese startup’s emergence causing the chipmaker’s stock price to plunge 17%.

Owing to US tech stocks crash, billionaires like Nvidias Jensen Huang and Oracles Larry Ellison lost more than $20 billion wealth in a single-day. Popularity of DeepSeek resulted in a frenzy selling in US tech stocks,

Nvidia CEO Jensen Huang Huang said he will be celebrating Lunar New Year with employees.

Meanwhile, a slew of other tech executives including Elon Musk, Jeff Bezos and Mark Zuckerberg are reportedly set to attend the events on Monday.

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,

Huang, who cofounded Nvidia in 1993, owns roughly 3.4% of the company, according to Bloomberg. Indeed, the tech giant took a bit of a stumble yesterday, losing around $600 billion in market cap as shares plummeted by 17%. The manufacturing chip company is falling from great heights; this past summer, it surpassed a $3 trillion market cap.

Tech-sector titans as a group saw $94 billion of wealth evaporate — roughly 85% of the Bloomberg index’s total decline.