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DeepSeek Dents Tech Stocks; World's 500 Richest People Have US$100B+ Wealth Gone in Single Day
The rise of China's AI startup DeepSeek dented US tech stocks overnight (27th), and the wealth of the world's 500 richest people evaporated US$108 billion in a single day, ...
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DeepSeek Dents Tech Stocks; World's 500 Richest People Have US$100B+ Wealth Gone in Single Day
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The rise of China's AI startup DeepSeek dented US tech stocks overnight (27th), and the wealth of the world's 500 richest people evaporated US$108 billion in a single day, Bloomberg reported.

Among which, AI-related billionaires bore the brunt. Nvidia (NVDA.US)      co-founder Jensen Huang and Oracle (ORCL.US)      co-founder Larry Ellison's wealth wiped off US$20.1 billion and US$22.6 billion on the same day respectively, accounting for 20% and 12% of their wealth.

Related NewsInitial Jobless Claims for Feb/01 in United States is 219K, higher than the previous value of 208K. The forecast was 213K.
Separately, Dell Technologies (DELL.US)      CEO Michael Dell and Binance co-founder Changpeng Zhao’s wealth subtracted by US$13 billion and US$12.1 billion respectively. Tech billionaires lost US$94 billion of wealth.
(Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

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