World’s most valuable company CEO loses $15 billion, exits top 10 richest list

Nvidia CEO Jensen Huang suffered a substantial loss of $15.1 billion following midterm election results in the United States. This decline pushed him from ninth to thirteenth on the Bloomberg Billionaires Index. The Nasdaq experienced a historic drop, losing $2.5 trillion in a single day due to concerns over future AI infrastructure funding. Analysts have warned that upcoming regulatory scrutiny might hinder data centre development across the country.