Nvidia CEO Jensen Huang lost $20 billion from his net worth in a historic stock drop

This story incorporates reporting from  Benzinga.com, MSN and The Economic Times on MSN.com.

Nvidia experienced a substantial financial setback as CEO Jensen Huang saw a $20 billion reduction in his net worth. The loss, recorded on Monday, stands as the largest single-day diminution for a U.S. company, following challenges linked to the DeepSeek incident. Considered one of the wealthiest individuals globally, Huang revealed earlier in October that he does not monitor Nvidia’s stock performance daily.

The market reaction to the DeepSeek event led to a notable decline in Nvidia’s stock value. On Tuesday, shares showed slight recovery, rising by 1.4% to $120.11. This placed Nvidia’s recent trading range between $60.70 and $153.13 over the past 52 weeks. Analysts have drawn comparisons between this drop and a similar decline experienced by Nvidia in March 2020, which eventually became an opportunity for investors to purchase stock at a lower price.

The occurrence highlights the volatile nature of stock markets and the impact such events can have on high-profile individuals. As the financial community evaluates the implications of the DeepSeek incident, Nvidia’s next steps could be crucial in determining its short-term market trajectory.

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