Nvidia stock set for record wipeout on DeepSeek fears — as CEO Jensen Huang's net worth tanks

US chip giant Nvidia suffered a record wipeout on Monday after Chinese startup DeepSeek upended the tech sector — and the rout cost its CEO Jensen Huang more than $20 billion in a single day.DeepSeek said it built its new AI model in just two months for less than $6 million – a fraction of the training costs of its US rivals – and without access to Nvidia’s powerful, pricey computer chips, which are subject to the US government’s export controls.Shares of Nvidia plunged as much as 18% as the market reckoned ...