Tech Titan Takes a Tumble

Tech Titan Takes a Tumble

Share this article


  • Nvidia Corp’s CEO, Jensen Huang, experienced a significant drop in his net worth, marking the most substantial decline in his financial fortune to date. This sharp fall follows a broad sell-off in chip stocks and the news that the U.S. Department of Justice (DOJ) has intensified its antitrust investigation into Nvidia. Huang’s wealth plummeted by nearly $10 billion in a single day, reducing his net worth to $94.9 billion—a record drop since the Bloomberg Billionaires Index began tracking his wealth in 2016.

  • The decline was largely driven by a 9.5% drop in Nvidia’s stock price, which significantly impacted the company’s market value. Nvidia’s dominance in the chip manufacturing industry, particularly in AI chips, has drawn the attention of antitrust regulators as competitors struggle to keep up with its technology. The DOJ has escalated its investigation, issuing subpoenas that suggest the government may be inching closer to filing a formal complaint. Regulators are concerned that Nvidia’s practices could be stifling competition, potentially harming both competitors and consumers in the long run.

Why it matters

The outcome of this investigation could have broad implications for Nvidia and the entire chip industry.

akbaraka

Get Smarter
About Investing

Join 45,000+ subscribers and get our 5 min daily newsletter on daily local and international financial news.
akhbaraka
Get Smarter<br/> About Investing

Similar News

© baraka financial limited. All rights reserved.

Baraka Financial Limited ("Baraka") is registered in the Dubai International Financial Centre ("DIFC") and is regulated by the Dubai Financial Services Authority ("DFSA"). It holds a Category 3C license with a Retail Client and a Holding and Controlling Client Assets endorsement. Baraka is a wholly owned subsidiary of Baraka Technology Holding in Abu Dhabi Global Market.

Baraka shall not be responsible for any loss arising from any investment based on any general information provided by Baraka or as may be available on Baraka’s website and other web-based services (collectively, the "Website Services"). Your investment can fluctuate, so you may get back less than you invested. Baraka does not warrant that the information is accurate, reliable or complete or that the supply will be without interruptions. Any third party information provided through does not reflect the views of Baraka.

The content of the Website Services provided by Baraka is only intended to provide you with general information and is neither an offer to sell nor a solicitation of an offer to purchase any security and may not be relied upon for investment purposes. Any commentaries, articles, daily news items, public and/or private chat publications, stock analysis and/or other information contained in the Website Services should not be considered investment advice.

Baraka shall not be liable for any delay, inaccuracy, error or omission of any kind in the information provided by Baraka and/or any third party information provider or for any resulting loss or damage you may suffer as a result of or in connection with the information supplied by Baraka and/or any third party information provider. In addition, Baraka shall have no liability for any losses arising from unauthorized access to information or any other misuse of information.

Any opinions, news, research, analysis, prices, or other information contained on our Website Services, or emailed to you, are provided as general market commentary, and do not constitute investment advice. Baraka will not accept liability for any loss or damage, including, without limitation, for any loss of profit which may arise directly or indirectly from use of or reliance on such information. Each decision as to whether an investment is appropriate or proper is an independent decision by you. You agree that Baraka has no fiduciary duty to you and is not responsible for any liabilities, claims, damages, costs and expenses, including attorneys’ fees, incurred in connection with you following Baraka’s generic investment information.

Baraka provides traditional securities and does not intend to engage a Shariah advisor or obtain a fatwa regarding Shariah screened securities. Baraka does not have an Islamic Window endorsement from the DFSA. Clients should be aware that Shariah screened stocks may involve additional risks and costs. There can be no assurance as to the Shariah compliance of the securities listed by Baraka. Clients are reminded that views on Shariah compliance differ and that they should obtain their own independent advice as to the permissibility of a security.

We use our own cookies as well as third-party cookies on our websites to enhance your experience, analyze our traffic, and for security and marketing.

For more info, see our Cookie Policy.