Tech Billionaires Lose $26 Billion in Sell-Off

Tech billionaires lost a combined $26 billion on Thursday as AI-related stocks fell, the Bloomberg Billionaires Index shows. Stakes in Tesla, Meta, Amazon, Nvidia and Dell declined—Tesla, Meta, Amazon, and Nvidia fell around 2%, while Dell plunged 9% after Lenovo warned of memory-chip shortages. The moves highlight investor concerns about AI infrastructure costs and potential returns on heavy AI spending.