{"id":900631,"date":"2025-01-29T08:38:48","date_gmt":"2025-01-29T03:08:48","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=900631"},"modified":"2025-01-29T08:56:13","modified_gmt":"2025-01-29T03:26:13","slug":"deepseek-impact-us-tech-czars-lose-108-bn-in-one-day-nvidias-jensen-huangs-net-worth-plunges-by-20bn","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2025\/01\/29\/deepseek-impact-us-tech-czars-lose-108-bn-in-one-day-nvidias-jensen-huangs-net-worth-plunges-by-20bn\/","title":{"rendered":"DeepSeek Impact: US tech czars lose $108 bn in one day, Nvidia\u2019s Jensen Huang\u2019s net worth plunges by $20bn"},"content":{"rendered":"<p>The US stock market faced a dramatic downturn on Monday after China\u2019s DeepSeek unveiled a groundbreaking, cost-efficient artificial intelligence model. The announcement triggered a massive selloff, sending shockwaves through the tech-heavy Nasdaq Composite, which fell 3.1%. <\/p>\n<p>Nvidia, the linchpin of the AI boom, led the collapse, with shares plummeting nearly 17%. This marked a record single-day loss in market capitalization for a Wall Street stock, according to LSEG data. Nvidia\u2019s market-cap wipeout was more than double the previous record it set in September.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The US stock market faced a dramatic downturn on Monday after China\u2019s DeepSeek unveiled a groundbreaking, cost-efficient artificial intelligence model. The announcement triggered a massive selloff, sending shockwaves through the tech-heavy Nasdaq Composite, which fell 3.1%. Nvidia, the linchpin of the AI boom, led the collapse, with shares plummeting nearly 17%. This marked a record single-day loss in market capitalization for a Wall Street stock, according to LSEG data. Nvidia\u2019s market-cap wipeout was more than double the previous record it set in September.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[63,4,12],"tags":[],"class_list":["post-900631","post","type-post","status-publish","format-standard","hentry","category-it-2-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/900631","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=900631"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/900631\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=900631"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=900631"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=900631"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}