According to Forbes, Chinese generative artificial intelligence startup DeepSeek hit US stocks, NVIDIA's share price plummeted 16%, and its market value evaporated by more than $500 billion. Its CEO Huang Renxun's net worth shrank by $19.80 billion as of 1:45 Beijing time, and his total wealth fell from $124.40 billion to $104.60 billion. It fell to No. 17 in Forbes' real-time billionaire list at No. 10. The steeper shrinkage was Oracle Chairperson Larry Ellison, who fell to No. 4 at $24.90 billion and was overtaken by Meta CEO Zuckerberg.