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Tech Tycoons Lose $94bn In DeepSeek AI Sell-Off
- Tech tycoons, led by Nvidia CEO Jensen Huang, lost a combined $94bn in the sell-off prompted by the success of DeepSeek AI.
- The sell-off raised doubts about the effectiveness of tech companies' capital spending on AI.
- Nvidia was one of the biggest losers, with Huang's personal fortune dropping by $20.1bn.
- Shares of Apple, Meta, and Amazon were largely unaffected by the DeepSeek news.
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