Nvidia CEO Jensen Huang Lost $10 Billion in 1 Day Nvidia's stock faced an unprecedented drop on Tuesday.

By Erin Davis

Key Takeaways

  • Nvidia’s shares tumbled over 9% in regular U.S. trading Tuesday, marking the company's worst day ever.
  • CEO Jensen Huang, the company's largest individual shareholder, lost $10 billion in personal wealth.
  • Nvidia shares have dropped more than 20% since its mid-June.

Nvidia's stock faced an unprecedented drop on Tuesday, wiping off $279 billion in market value, the largest one-day loss in U.S. history. The loss is worth more than all of the shares of many major U.S. businesses, including McDonald's and Chevron, per CNN.

Nvidia's shares tumbled over 9% in regular U.S. trading and continued the descent post-market by an additional 2%, after a report of a subpoena from the Department of Justice relating to an antitrust investigation, per Bloomberg.

Related: Why Are Nvidia Earnings So Important? They Could Be a 'Market Mover,' Says Expert

Jensen Huang, the CEO and Nvidia's top individual shareholder, also took a personal hit with a $10 billion drop in his wealth.

Nvidia CEO Jensen Huang - Photo by I-HWA CHENG/AFP | Getty Images

Shares were up about 1% Wednesday afternoon, according to CNBC.

Nvidia has about 80% of the market for AI chips. In response to the DOJ antitrust investigation, a company spokesperson told the outlet that Nvidia "wins on merit, as reflected in our benchmark results and value to customers, who can choose whatever solution is best for them."

Despite the losses, Nvidia is still up 118% year to date, per Reuters.

Related: Why Millionaire Nvidia Employees Are Still Working Until 2 a.m.

Erin Davis

Entrepreneur Staff

Freelance Writer

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Business News

Zillow Predicts These 10 Places Will Have the Hottest Housing Markets in 2025

Zillow predicted that the hottest housing market of 2025 will be Buffalo, New York. Here's why.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Science & Technology

5 AI Books Top Entrepreneurs Are Reading in a Rush for 2025

Entrepreneurs must embrace AI or risk falling behind. Discover 2025's top 5 AI books to gain a competitive edge, featuring insights from "The Wolf is at the Door" and a free AI Success Kit.

Business News

These Are the 10 Highest-Paying Jobs That Only Require a 2-Year Degree — With Some Around $100,000 and Higher

People with two-year degrees may see career growth in the healthcare, aviation, and technology industries over the next 10 years, according to a new report.

Growing a Business

Want to Build a Digital Business? Here's the Framework You Need to Succeed.

The article emphasizes how ISO 20000-1 serves as a strategic tool for entrepreneurs to structure entirely digital businesses.