Abstract:
According to Bloomberg, Nvidia’s stock price fell more than 9% on Thursday, dragging its CEO Jensen Huang’s personal wealth out of the top ten in the world. With the Democratic Party's big victory in the U.S. midterm elections, the market expects that the Democratic-controlled House of Representatives and Senate will restrict the construction of data centers, which are a key component of AI infrastructure. That expectation sent stock prices lower for semiconductor manufacturers and computing power providers.
Huang Renxun
Nvidia's stock price plunged 9.3% on Thursday, the largest one-day drop since January 2025. Meanwhile, SpaceX shares fell 9% and Oracle shares fell 6.9%.
Huang Jen-Hsun’s personal net worth decreased by US$15.1 billion to US$150.9 billion. The loss dropped his ranking from ninth to 13th on the Bloomberg Billionaires Index.
Other technology tycoons whose wealth has shrunk more include SpaceX CEO Elon Musk and Oracle co-founder Larry Ellison, whose net worth dropped by US$79.7 billion and US$10.1 billion respectively.
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