NVIDIA, SpaceX, and Oracle shares plunge; billionaires lose $185 billion in a single day

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The Fear and Greed Index dropped sharply as NVIDIA, SpaceX, and Oracle shares plunged on Thursday. NVIDIA fell 9.3%, its worst daily decline since January 2025, while SpaceX and Oracle declined 9% and 6.9%, respectively. Billionaires lost $185 billion in a single day, with Jensen Huang down $15.1 billion and Elon Musk losing $79.7 billion. Altcoins to watch may experience volatility as market sentiment turns uncertain.

According to BitPush News, yesterday, stocks of companies closely tied to AI infrastructure, including NVIDIA, SpaceX, and Oracle, plunged significantly. NVIDIA closed down 9.3%, marking its largest single-day drop since January 2025; SpaceX fell 9%, and Oracle dropped 6.9%.

This selling spree also caused massive wealth losses for tech billionaires. According to the Bloomberg Billionaires Index, NVIDIA CEO Jensen Huang’s net worth dropped by $15.1 billion in a single day to $150.9 billion, causing his global ranking to fall from 9th to 13th, outside the top ten.

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

On Thursday, the combined wealth of the 500 billionaires featured in the Bloomberg Billionaires Index decreased by $185 billion, marking the 14th-largest single-day wealth loss since the index was launched by Bloomberg in 2012.

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