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NVIDIA Shares Slide as Larry Ellison Passes Jensen Huang to Become the World’s 7th-Wealthiest Person, Report Says
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THE APEX TIMES

Business/The Apex Times/Aug 10, 1:29 PM EDT

NVIDIA Shares Slide as Larry Ellison Passes Jensen Huang to Become the World’s 7th-Wealthiest Person, Report Says

A rise in Oracle’s stock lifted Larry Ellison’s fortune Monday, helping him move ahead of NVIDIA’s Jensen Huang even as NVIDIA shares fell, according to Forbes and Yahoo Finance.

By The Apex Times Newsroom2 min readAI-assisted Apex article

NVIDIA’s stock performance and the volatility of the tech wealth scoreboard moved in opposite directions Monday, according to a report that linked changes in individual fortunes to movements in related company shares. As NVIDIA shares fell, Larry Ellison’s net worth rose, helping him overtake Jensen Huang and become the world’s 7th-wealthiest person, the report said.

The update tied Ellison’s jump in wealth to Oracle’s stock moving higher. Oracle shares rose nearly 2% on Monday, the report said, lifting Ellison’s fortune enough to change the ranking among the world’s richest people.

For Jensen Huang, the news was a reminder that NVIDIA’s market valuation can move quickly even when the company remains central to artificial intelligence infrastructure. Huang’s wealth is closely associated with NVIDIA’s stock, so declines in the shares can translate into ranking shifts, particularly when wealth rankings are updated frequently.

NVIDIA, whose business is dominated by accelerated computing hardware for AI workloads, has spent recent years selling data center systems and related software tools aimed at training and running machine-learning models. That positioning has helped NVIDIA become one of the most closely watched equities in global technology markets.

Oracle’s move played a parallel role in Monday’s story because Ellison’s wealth is heavily tied to Oracle’s equity performance. Oracle’s near-2% gain provided the specific market catalyst cited for Monday’s ranking change.

Market context matters here. The richest-person rankings often reflect not just long-term business performance, but day-to-day share price swings across a narrow set of mega-cap technology companies. When those companies move, fortunes can re-rank quickly, even without any new corporate developments.

The report did not provide additional detail about why NVIDIA shares fell on Monday, nor did it spell out whether the ranking change reflects updated portfolio valuations only or a broader methodology shift by the wealth tracker. It also did not quantify how much the net worth gap narrowed or widened between Ellison and Huang on that day.

What to watch next is whether Monday’s stock moves continue. If NVIDIA shares remain under pressure, additional ranking shifts could follow. If Oracle extends its gain, Ellison’s lead could also widen, though both outcomes depend on market pricing rather than new corporate disclosures.

Why It Matters

  • Wealth rankings can shift quickly when mega-cap technology stocks swing, even absent new company announcements.
  • For NVIDIA, share-price weakness can quickly affect perceptions of the value attributed to its AI hardware and software ecosystem.
  • For Oracle, a relatively modest move in the stock price can have outsized effects for investors whose wealth is concentrated in company equity.
  • The episode underscores how closely individual fortunes in public markets can be tied to day-to-day trading moves, not just long-term fundamentals.

Sources

Key Facts

  • A Forbes report cited by Yahoo Finance said Larry Ellison overtook Jensen Huang to become the world’s 7th-wealthiest person on Monday.
  • The report attributed Ellison’s rise in wealth to Oracle shares jumping nearly 2% on Monday.
  • The report said NVIDIA shares fell during the same period.
  • The ranking change was described as occurring as of Monday, 2026-08-10.

Technology Related

Sep 1, 12:07 AM EDT
The Apex Times

Apple CEO transition hands AI test to John Ternus as AAPL slips

John Ternus takes over as Apple’s chief executive role as Phil Schiller steps back, with market attention focused on how leadership changes could affect ongoing work on artificial intelligence initiatives. Apple shares slid in early trading following the transition reports.

Apple CEO transition hands AI test to John Ternus as AAPL slips
The Apex Times