Larry EllisonTHE Oracle (NYSE: Orcl) co -founder and one of the richest people on the planet, saw $ 22.6 billion disappear in a single day on January 27 – and he hadn’t even had to lift his finger . The sale was brutal, annihilating 12% of his fortune, all due to an AI startup which barely existed two years ago.
But Ellison was not the only one to feel the bite. In fact, another technological titan took an even greater blow. Jensen HuangThe co-founder of Nvidia (Nasdaq: NVDA) saw her fortune falling with a huge $ 20.1 billion – a drop that has set a new record for the “greatest loss of value for any public history in history” , according to Forbes.
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The AI breakthick of Deepseek has triggered a panic of the market
Chaos started when In depthA Chinese AI company, launched its DEEPSEEK Chatbot R1 – a model that suddenly asked if everyone wondered if the domination of the Silicon Valley AI was as untouchable as it seemed.
Here is why: Deepseek AI is open-source, which means that developers can inspect and modify it freely. The open source nature of the Deepseek model could radically transform the IA ecosystem.
Most importantly, it only cost them $ 5.6 million to develop – a fraction of billions spilled into AI by American technology giants as OPENAI,, GoogleAnd of course, Oracle.
The result? A massive sale in the actions of IA-Heavy. Oracle,, NvidiaAnd Microsoft (Nasdaq: MSFT) All took a hit, but Ellison was the biggest loser of the day.
Trend: based on the Fortune 500 company confidence network, This blockchain company is associated with Salesforce to uproot long and costly B2B transactions, and you can invest with only $ 100.
Some billionaires came out in the lead
Not everyone has suffered. While Ellison and Huang have lost billions, Mark Zuckerberg left $ 4.3 billion richer, and Jeff Bezos Poche additional $ 632 million. The market does not play the favorites – it simply rewards the one on the right side of trade.
The market has rebounded, but it’s not over
On January 28, actions like Nvidia and Oracle began to retreat. Nvidia jumped almost 9%. Forbes said in an article: “Nvidia’s Tuesday rebound has become the second best day for any stock in terms of market added.” Oracle won 3.6% and investors took a deep inspiration. But it was not just another drop in the market – it was alarm.
