Nvidia CEO Jensen Huang's fortune dropped by nearly $8 billion in a day.
It dropped to $154 billion $700 million after the company's founder was suspected of having ties to an alleged Chinese spy.
As a result, the CEO of a high-tech corporation dropped in the ranking of Forbes billionaires from eighth to tenth place. On Monday, Nvidia shares lost more than 5% on the Nasdaq. As a result, capitalization dropped to $4 trillion 290 billion. However, it is still ranked second in the list of the most valuable companies in the world.