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,

US chip giant Nvidia suffered a record wipeout on Monday after Chinese startup DeepSeek upended the tech sector — and the rout cost its CEO Jensen Huang more than $20 billion in a single day.

Nvidia CEO Jensen Huang said Friday he will not be going to President-elect Donald Trump’s inauguration — opting not to join several of his fellow tech titans slated to fly in to Washington, DC.

DeepSeek topped the Apple App Store chart and sparked fears the Chinese company was quickly catching up with OpenAI's ChatGPT while costing far less.

The fortunes of the world’s wealthiest took a sharp hit on Monday, with $108 billion wiped out in a tech-driven sell-off spurred by DeepSeek, a Chinese AI app that overtook ChatGPT as the most popular AI tool.

The retreat came after DeepSeek unveiled its R1 chatbot that has shown the ability to match the capacity of US AI pace-setters for a fraction of the investments made by American companies.

Donald Trump said DeepSeek should act as a “wake up call” for American companies after its emergence sparked a near $1 trillion stock market rout. The President hailed the arrival of the Chinese AI start-up as “positive”, adding it was good that companies in China have come up with a cheaper, faster method of artificial intelligence.

Landscape Was Shaken This Week When a Chinese Start-up, DeepSeek, Unveiled a New Model in the Field That Seems to Rival the Capabilities of US Giants OpenAI and Google, But Doesn't Have as Powerful Hardware.

DeepSeek AI has shaken US markets, sparking Nvidia’s record loss and questions about innovation and competition

Tokyo Electron made 41.3% of net sales in China in the quarter, compared to 49.9% in the previous quarter, with sales growing in North America and Japan. (Bloomberg) -- Key US lawmakers urged ...

Tokyo Electron Ltd. engages in the development, manufacture, and sale of semiconductor production equipment and industrial electronics products for flat panel display manufacturing equipment.

A look at how Monday's plunge impacted Nvidia CEO Jensen Huang's wealth. Get Wall Street's Hottest Chart Every Morning Semiconductor company NVIDIA Corporation NVDA suffered the biggest single day ...