صدى البلد البلد سبورت قناة صدى البلد صدى البلد جامعات صدى البلد عقارات
Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie
ads

Nvidia Founder Loses $10 Billion in 24 Hours


Thu 05 Sep 2024 | 01:42 AM
Taarek Refaat

The founder of Nvidia, which makes chips for almost everything in our lives, lost $10 billion in a single day.

The fortune of Nvidia CEO Jensen Huang fell by about 10% on Tuesday, the biggest drop since the Bloomberg Billionaires Index began tracking his wealth in 2016.

This came after Nvidia's stock plunged by 9.5%, as the company lost about $280 billion in market value on US stock exchanges in a single trading session yesterday, after the company was summoned to appear in court in an investigation into antitrust issues.

Despite all the declines, Huang's fortune is still $95 billion so far.

Bloomberg ranks Huang as the 18th richest person in the world, and his fortune has increased by about $50 billion since the beginning of 2024 thanks to the record rise in Nvidia shares this year, affected by what is known as the "artificial intelligence mania" on Wall Street.