STOCKS | U.S. Stock Market Faces AI-Induced Sell-Off, Impacting Billionaire Rankings

Recently, the U.S. stock market has been experiencing a sell-off triggered by artificial intelligence developments. According to Jin10, sectors such as software and fintech have seen declines over the past week. This market movement has also affected the global billionaire rankings. The billionaire index from certain institutions indicates that Jensen Huang, CEO of chip giant Nvidia (NVDA.O), has fallen out of the top ten richest individuals worldwide. His wealth has decreased to approximately $151 billion, marking a reduction of over $3 billion since the beginning of the year.