Nvidia Chipmaker Selloff Cuts Huang's Wealth

Jensen Huang lost nearly $12 billion Thursday as Nvidia shares fell 7% amid a broader chipmaker selloff.

Updated on Nov. 5, 2026 in Semiconductors

Isometric editorial illustration of a long aisle of dark server racks in muted slate and teal, with faint amber light along the edges. — Nvidia shares fell 7% Thursday in a chipmaker selloff that cut CEO Jensen Huang's net worth by nearly $12 billion after the midterm elections. AI Illustration. Upload story photo >

Live Poll

Should the government restrict new data center construction?

Nvidia CEO Jensen Huang lost nearly $12 billion on Thursday as Nvidia shares sank 7% in a broader selloff across chipmakers. His estimated net worth stood at $161.7 billion as of 12:15 p.m. EDT, down 6.9%.

Why it matters

The selloff followed midterm elections in which Democrats took control of the House and Senate, with post-election fears that Democrats will slow the data center buildout driving the decline. Many Democrats have pledged heightened restrictions on data centers.

Nvidia reported $89 billion in second-quarter data center revenue, up 117% year over year, while its market capitalization stands at $4.45 trillion. Whether the post-election selloff will affect that growth trajectory remains unresolved.

The players

Jensen Huang

Co-founder and chief executive of Nvidia, whose wealth is tracked closely by Forbes' Real-Time Billionaires list.

Nvidia

A U.S. semiconductor company whose graphics processors have become central to artificial intelligence and data center computing.

The details

Chipmakers including Micron, AMD, Intel, SanDisk, TSMC, Qualcomm and Marvell fell for a second day after the midterms. Huang lost about $3.2 billion on Wednesday as Nvidia shares dropped 1.5%, then nearly $12 billion on Thursday, dropping from No. 7 to No. 9 on Forbes' list.

Start of October: Nvidia was on track to reach a $6 trillion market cap.
Tuesday, November 3, 2026: Midterm elections; Democrats took the House and Senate.
Wednesday, November 4, 2026: Huang lost about $3.2 billion as Nvidia shares fell 1.5%.
Thursday, November 5, 2026: Huang lost nearly $12 billion and fell to No. 9.
November 17, 2026: Nvidia is scheduled to report third-quarter earnings after market close.

Tech Race

Nvidia's data center revenue growth has made it the central player in the AI chip race, and the post-election selloff tests whether that position holds under new regulatory pressure. Huang's fall on the Forbes Real-Time Billionaires list reflects how closely investor sentiment toward AI infrastructure is tied to the company's market value.

Investors holding Nvidia or broader chip-sector funds may see portfolio values move with the selloff and upcoming earnings report. Consumers and businesses that rely on AI services could see the effects in pricing and availability if data center buildout slows.

The takeaway

Investor wealth tied to a single company can swing sharply on policy news, so watching how Nvidia's data center business performs against new regulatory proposals offers a clear signal of where the AI infrastructure market is heading.

What happens next

Nvidia is scheduled to report third-quarter earnings on November 17, 2026, after market close, which will show whether the data center business has been affected by the post-election selloff.