The recent AI advances by Chinese upstart DeepSeek could be the beginning of a potential nightmare scenario that Nvidia Corp. Chief Executive Jensen Huang has been worrying about since the chip maker’s meteoric rise.

Nvidia ( NVDA) 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. Huang has an approximately 3% stake in Nvidia.

The launch of DeepSeek’s cost-effective AI assistant in China, has sent shockwaves through global markets, leading to a record $593 billion loss for Nvidia and a 3.1 per cent drop in the Nasdaq. As investors recalibrate,

By Sinéad Carew, Amanda Cooper, Ankur Banerjee NEW YORK/LONDON/SINGAPORE (Reuters) -Global investors dumped tech stocks on Monday as they worried that the emergence of a low-cost Chinese artificial intelligence model would threaten the dominance of AI leaders like Nvidia,

Nvidia (NASDAQ:NVDA) saw $589B in market cap erased on Monday as the Jensen Huang-led company led tech stocks lower following concerns about Chinese startup DeepSeek and its large language model. Broadcom tumbled (NASDAQ:AVGO) about 19%,