Nvidia Sell-Off Is Just a Hint of What's to Come: Nassim Taleb Full Interview

Video Description

Black Swan author Nassim Taleb says the plunge in Nvidia shares could portend more losses ahead. He likens the chipmaker's dominance in artificial intelligence to AltaVista's dominance in web browsing three decades ago. Wall Street had a shock to the system on concerns that a cheap artificial intelligence-model from Chinese startup DeepSeek could make valuations that have powered the bull market tough to justify. From New York to London and Tokyo, equities got hit hard on Monday. And while the slide did come after a torrid rally, the underlying reasons behind Monday’s rout could cause longer-term damage. The Nasdaq 100 sank 3% while the S&P 500 dropped 1.5%. A closely watched gauge of chipmakers also plunged the most since March 2020. Nvidia, heretofore the posterchild of America’s AI frenzy, sank 17%—the biggest market-cap loss for a single stock ever.  Taleb says Nvidia could see shares continue to slump, with a drawdown two or three times bigger than Monday's slump. He spoke with Bloomberg's Sonali Basak on the sidelines of Miami Hedge Fund Week. -------- Watch Bloomberg Radio LIVE on YouTube Weekdays 7am-6pm ET WATCH HERE: http://bit.ly/3vTiACF Follow us on X: https://twitter.com/BloombergRadio Subscribe to our Podcasts: Bloomberg Daybreak: http://bit.ly/3DWYoAN Bloomberg Surveillance: http://bit.ly/3OPtReI Bloomberg Intelligence: http://bit.ly/3YrBfOi Balance of Power: http://bit.ly/3OO8eLC Bloomberg Businessweek: http://bit.ly/3IPl60i Listen on Apple CarPlay and Android Auto with the Bloomberg Business app: Apple CarPlay: https://apple.co/486mghI Android Auto: https://bit.ly/49benZy Visit our YouTube channels: Bloomberg Podcasts: https://www.youtube.com/bloombergpodcasts Bloomberg Television: https://www.youtube.com/@markets Bloomberg Originals: https://www.youtube.com/bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake