Jensen Huang's net worth declined roughly $21 billion


The chipmaker's stock price plummeted 17% to close at $118.58. It was Nvidia's worst day on the market since March 16, 2020, which was early in the Covid pandemic: After Nvidia surpassed Apple last week to become the most valuable publicly traded company, the stock's drop Monday led a 3.1% slide in the tech-heavy Nasdaq.

The sell-off was sparked by concerns that Chinese artificial intelligence lab DeepSeek is presenting increased competition in the global AI battle. 

In late December, DeepSeek unveiled a free, open-source large language model that it said took only two months and less than $6 million to build, using reduced-capability chips from Nvidia called H800s. 


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