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

1. Nvidia's stock dropped 18% after DeepSeek's low-cost AI breakthrough. 2. DeepSeek's model cost less than $6 million, impacting Nvidia's market demand. 3. Nvidia faced a record single-day loss of $560 billion from its market cap. 4. CEO Jensen Huang lost over $20 billion amid the stock sell-off. 5. Broader AI sector and related stocks also suffered significant declines.