The recent AI advances by Chinese upstart DeepSeek could be the beginning of a potential nightmare scenario that Nvidia Corp. Chief Executive Jensen Huang has been worrying about since the chip maker’s meteoric rise.

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,

Jensen Huang’s comments at last week’s CES about quantum computing being decades away stirred up discussion within the quantum industry.

Jensen Huang applauded Elon Musk at CES for his multi-layered progression in AI endeavors, including in the areas of cognitive intelligence, autonomous driving, and robotics. Nvidia CEO Jensen Huang spoke highly of Elon Musk, citing the tech billionaire’s significant advances in artificial intelligence.

CEO Elon Musk, Amazon (AMZN) founder and executive chair Jeff Bezos, Meta Platforms (META) CEO Mark Zuckerberg, are set to attend President-elect Donald Trump's inauguration this Monday, January 20. One notable chief executive who won't be at the Inauguration Day: Nvidia (NVDA) CEO Jensen Huang.

The CEO also confirmed plans to attend similar celebrations in Beijing next week, as part of Nvidia’s efforts to engage with its workforce and partners across Asia.

CEO Jensen Huang’s net worth plunged $18 billion Monday as the chipmaker’s stock continues to free fall. Huang was worth $106.3 billion as of Monday morning, down nearly 15%, according to Forbes Real-Time Billionaires list.