Tech stocks plummeted, and Bloomberg billionaires' net worth shrank by $185 billion overnight, with Jensen Huang falling out of the global top ten.

BlockBeats news, November 6 - Yesterday, shares of companies closely related to AI infrastructure, including Nvidia, SpaceX, and Oracle, fell sharply. Nvidia plunged 9.3% at close, marking its largest single-day drop since January 2025; SpaceX fell 9%, and Oracle dropped 6.9%.

This sell-off also caused massive wealth shrinkage for tech billionaires. According to the Bloomberg Billionaires Index, Nvidia CEO Jensen Huang's personal net worth decreased by $15.1 billion in a single day to $150.9 billion, with his global wealth ranking falling from 9th to 13th, dropping out of the top ten.

SpaceX founder Elon Musk and Oracle co-founder Larry Ellison saw their wealth shrink by $79.7 billion and $10.1 billion, respectively, on Thursday.

On Thursday, the 500 richest people in the world tracked by the Bloomberg Billionaires Index collectively lost $185 billion in wealth. This is the 14th largest single-day wealth loss record since Bloomberg launched the index in 2012.