Jensen Huang still owns a hugely valuable stake in Nvidia Corp., but the chief executive's position is worth $20.7 billion less after Monday's sharp selloff. Huang's stake is now worth $101.9 billion,

While tech bigwigs like Mark Zuckerberg, Jeff Bezos and Elon Musk all plan to be at Donald Trump's inauguration on Monday, the CEO of one of the biggest companies says he will not be there. Nvidia's Jensen Huang, worth an estimated $100 billion, said he will not be in Washington for the event.

Artificial intelligence (AI) was a market-driving theme last year, with AI stocks helping the S&P 500, the Nasdaq, and the Dow Jones Industrial Average each soar in the double digits. Companies selling AI tools and services saw earnings climb -- and investors piled into these players.

PATRICK T. FALLON/AFP via Getty Images (NEW YORK) — The emergence of China-based AI app DeepSeek sent shares plummeting on Monday for many U.S. tech giants, including chipmaker Nvidia and AI-backer

The sudden popularity of DeepSeek is raising questions about AI’s grip on the stock market. Consider the resilience of the Dow Jones Industrial Average, rising on a day other major indexes took a beating.

Nvidia staged a moderate rebound on Tuesday, rising as much as 3%, following a 17% drop the prior day. More broadly, major US indexes rallied after S&P 500 and Nasdaq 100 saw sharp losses on Monday amid concerns over the Chinese AI firm DeepSeek rapid and cost-effective advances.

A company called DeepSeek said it had developed a large language model that can compete with U.S. AI giants but at a fraction of the cost.

American AI stocks got sucker punched after China's DeepSeek app reportedly showed advancements against rivals sending investors into sell mode, shaving 3% off the Nasdaq.

CEO Jensen Huang’s net worth plunged $18 billion Monday as the chipmaker’s stock continues to free fall. Huang was worth $106.3 billion as of Monday morning, down nearly 15%, according to Forbes Real-Time Billionaires list.

News from China upset U.S. markets Monday and disrupted the frenzy that had built up around artificial intelligence. A company called DeepSeek said it had developed a large language model that