Nvidia Selloff: Black Swan Author Nassim Taleb Says DeepSeek-Fueled Rout 'Is the Beginning'
HTML-код
- Опубликовано: 4 фев 2025
- Black Swan author Nassim Taleb says the steep plunge in Nvidia exposes the equity market’s fragility, while warning of more losses ahead. Speaking to Bloomberg's Sonali Basak on the sidelines of Miami Hedge Fund Week, Taleb says a drawdown two or three times bigger than Monday's 17% selloff is "absolutely in line" with what the market should expect.
--------
More on Bloomberg Television and Markets
Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: tinyurl.com/ys...
Visit www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more.
Connect with Bloomberg Television on:
X: / bloombergtv
Facebook: / bloombergtelevision
Instagram: / bloombergtv
Connect with Bloomberg Business on:
X: / business
Facebook: / bloombergbusiness
Instagram: / bloombergbusiness
TikTok: www.tiktok.com...
Reddit: / bloomberg
LinkedIn: / bloomberg-news
More from Bloomberg:
Bloomberg Radio: / bloombergradio
Bloomberg Surveillance: / bsurveillance
Bloomberg Politics: / bpolitics
Bloomberg Originals: / bbgoriginals
Watch more on RUclips:
Bloomberg Technology: / @bloombergtechnology
Bloomberg Originals: / @business
Bloomberg Quicktake: / @bloombergquicktake
Bloomberg Espanol: / @bloomberg_espanol
Bloomberg Podcasts: / @bloombergpodcasts
![Nassim Taleb - The TRUTH About Employment [w/ Russ Roberts]](http://i.ytimg.com/vi/OF0t-1T02ro/mqdefault.jpg)
![Nassim Taleb - The TRUTH About Employment [w/ Russ Roberts]](/img/tr.png)
She looks personally concerned about her own stake in NVIDIA
haha, spot on!
I was thinking that. He was talking about AI and tech development in general and she was like so is this going to go down more or what
with leveraged position lmao
haha that makes it so funny 😄
@@wilhelm.reeveswhen you have invested in something you have to know why and how
I’ve seen criminal interrogations more friendly than this 😂
Especially some serial killers
I want to read his four most popular books that includes Antifragile, but I've read in many places he's a cocky dude.
Vested interests
@@tylascraig9306 I completely disagree. Read his books, especially antifragile and fooled by randomness.
@@AlanSmith88888 What's wrong with Indians?
That was an awkward first date. She feels a bit annoyed and her eyes are shooting lasers 😂
she's about to cry
Loooooooooooooool. I was thing the same, sadly.
no, this is clearly mansplaining, he is condescending towards her, this guy is mercurial, has anger issues
That is her resting facial expression
@@rogeroga kek, ragebaiters
If I wanted to watch people talk past each other I'd visit my family.
Lol
incredible lmaooo
yeah, just ignore the devastating financial info nasim imparts and focus on the side show why don't ya
The interviewer needs to be more intelligent to ask better questions.
He agreed to the interview on conditions: “at a waterfront restaurant with your best-looking reporter“
she is adorable 🧡
@@geoms6263 solid 4 if I’m really hungry
She's a dumb woman, very typical.
She needs to slow down and allow him to explain.
Nassim I went to the Chinese restaurant and asked what they are cooking today: They said they just cooked OpenAI.
@@geoms6263 love this hahaha!
Haha. Chinese people are definitely harder working people. They work 6 days a week in china.
The comment of the day 😂😂
I thought it was sweet/sour kitty
😂😂😂😂
Please get a better interviewer. Someone who understands and meaningfully engages with responses to ask follow up questions instead of firing surface level disjointed questions.
@@nav8888 Ohhh but she's a woman! No standards! No accountability! No brain!
Every time someone gets interviewed, people go nuts and complain about the interviewers. Sometimes warranted, but here, I don't get the complaining. This was not meant to be some deep long discourse about "Black Swans" or whatnot, but simply just something interesting happened that had huge consequences and they wanted a few minutes of Talebs time. I think the lady asked simple direct and relevant questions and was respectful and let him talk and just listened without interrupting.
Please get a better interviewee. Someone who understands and meaningfully engages with questions to respond instead of firing surface level disjoint answers.
You needed better answers Nassim!
@ its always the same in yt
Nvidia up 1930% in 5 years, stock goes down 17% in one day, next day Nvidia is going out of business and it’s the end of the world, ridiculous 😂
he is saying .. it's not the end, but perfect pricing is a risk, and more risks are possible
you do know that like 20% of nvidia's market cap was wiped off in a day just becuz of a company in China
Yeah and 20% out of that 1930% rise was just evaporated
I know, run for cover, it's hit lows not seen since... Spring of 2024... Oh.
I did not follow the stock price but the gains are from the value from 5 years ago while the downs are from the value that’s already 1930% bigger than it was before, so the dip is way more significant than it feels when you simply compare percentage values.
I'm throwing in the towel on stocks - at least, that's how it feels. Despite investing $2k to $3k monthly in solid, blue-chip companies, my portfolio just keeps taking a hit. I'm frustrated and unsure what to do. Any advice on how to navigate this market and finally start seeing some growth?
It's tough seeing your portfolio take a hit despite consistent investing. However, it's great that you're investing in solid, blue-chip companies. Consider taking a long-term view and focusing on time in the market, rather than trying to time the market. There are often great buying opportunities during pullbacks and corrections. What's your current investment strategy?
Have you considered working with a financial advisor? Wealth is made in bear markets. We aren’t in a bear yet, butworking with a seasoned advisor has proven to be fruitful for me over 4 years of investing. I am at $2.25 million. I got $80k in dividends last year. Having a skilled CFA that puts the time in to do in-depth research can be invaluable in strategizing your portfolio.
Would you be comfortable sharing a recommendation if it's not too much to ask?
I’ll be kind to leave just her name here ''Lynne Diane Burgraff ''. she's a renowned figure in the financial sector with over two decades of experience and an aum of over 500m usd.. I'd suggest you research her further on the web
thanks for sharing! easily spotted Lynne after inputting her full name on the web, she seems impeccable.
Additional earnings reports from major tech companies, driven by Nvidia, coupled with trader FOMO, could fuel a resurgence in market buying pressure. I'm considering investing over $300k, but I'm uncertain about risk mitigation strategies.
Problem is that NVDA is addicted to the datacenter, their mobile offerings are terrible. Inference needs to happen at the edge (mobile) and training will not have the same amount of demand as time goes on. NVDA is a major bet on aggregation of resources (compute) but this is cyclical as we have seen dozens of major shifts in this industry. Remember when Citrix aggregated desktops with VDI and then it imploded because VDI has a problem with latency? AI Inference in the datacenter has the same problem with latency. AAPL and Samsung are the best buys for AI now that we are transitioning from training to inference.
When it comes to investment, diversification is key. That is why I have my interests set on key sectors based on performance and projected growth. They range from the EV sector, renewable energy, Tech and Health (AMD) alongside coins, and gold. I'm also working on an investment plan with my Fin. Advisor that includes AI looking into Nvidia, MSFT, Alphabet stocks among others. I've been utilizing a financial advisor for more than 15 months now, and I've made over $800,000.
bravo! I've been getting suggestions to consider financial advisory, but where and how to find someone reputable has been challenging, mind if I look up the advisor guiding you please?
I work with Jessica Dawn Walters. Investing with her has been a different ball game entirely so different from the stale methods of managers I’ve worked with in the past. She has a large following and is easily found online.
Thank you! I entered her full name into my browser, and her website came out on top. I sent her a mail and I hope she gets back to me soon.
Used to think investors lose out amid crash, meanwhile some make profits. I also thought folks went out of business during the great depression, but some went into business. Bottom line, there's always depression for some while others amass wealth gains.
well said, in my opinion, times are crazy now, hence everyone needs a sort of financial planning in order to thrive forward. ideally, investment advisors are the best reps for getting the job done
Right, a lot of folks downplay the role of advisors until being burnt by their own emotions, no offense. I remember years back, amid covid-19 outbreak, I needed a good boost to help my business stay afloat, thus researched for licensed advisors, and thankfully came across someone of excellence. She's helped grow my reserve notwithstanding inflation, from $350k to nearly $1m as of today.
Well it seems like a lot of your interest is riding on your source, I could really get well accustomed to your viewpoint, get me involved.
I'm very cautious about giving specific recommendations as everyone's situation varies. Consider independent financial advisors like ’LAUREN MICHELLE COMER' I've worked with her for some years and highly recommend her. Check if she meets your criteria.
Thanks for the info. I searched for her full name and found her website right away. I reviewed her credentials and did my research before reaching out to her.
He doesn't strike me as someone who knows a lot about the semiconductor industry.
You are right, he doesn't, he knows a lot about the stock market, and probability and distributions. Thats why her questions are so annoying, she is asking him to predict and he doesn't like to predict. He is just saying if there is fragility then it is normal that big drops happen.
To me for a person who doesn't know and doesn't like he predicted tons
@@raukoring lol I agree
yet he makes sense
Not really saying anything revelatory…. Everything is displaced eventually… how does DeepSeek replaced/displace nvda?? I still want the fastest compute don’t I???
Reporter: What do you make of this crash?
Taleb: That wasn't a crash, it was a setback.
Reporter: How do explain that sharp decline?
Taleb: It's just an adjustment.
Reporter: Do you think it could get way worse?
Taleb: There may be some more adjustments.
Reporter: PLEASE TELL ME THAT THINGS GET WORSE SO I HAVE SOMETHING TO REPORT!
Taleb: Look, it's just the beginning.
Reporter: 🥺🥺🥺🥺🥺😧😧😰😰😭😭😭😭😭😭
The biggest problem is that the Stock Exchange is perceived and presented as an "economic structure". It is just not true. Initially, it was intended to be an "economic structure", but it has been turned into a purely speculative way to make money out of thin air. That is why North Korea can produce more arthierilery than NATO.
It’s amazing to give interviews at noisy place. Only N taleb can do it. Rare wise person.
"Nassim fiddled while Rome burned"
Yes, he is the only one who can sit in a chair in a restaurant. Nobody else can do it.
He also has a disgusting ego. Likely a narcissist.
Because he calls himself Nero in the books?
Taleb always comes across brilliant and thick at the same time
He comes across as very smart but unpolished - which is exactly what he wants
@@alexwoxst a wild erudite...
Intentionally abstruse. He will never give a straightforward answer because that would expose him to criticism that could penetrate his intellectual facade.
@@amarug 🤣
@@chiefenumclaw7960nah he’s very straightforward when he knows he’s right
Was this a date?
😄
Very romantic 😌
Dullness of the conversation, background music, sunset… it looks like it
Hope bald guy have a AI viagra
Looks like they accosted him while he was out for a drink 😂😂😂
It seemed that during the whole interview inside interviewer's head was a zoo monkey or a parrot who just asks something without even knowing the meaning of it
The lady does not follow the answers. She just mechanicaly asks another question and another question. This could be a nice interview with a little of empathy.
The BBG journalist looks really serious and sad. I think she lost some money.
@@celonsio they aren’t allowed to trade individual companies at financial news networks, especially presenters. She seems insulted by the way he answered at first.
@@deasterman this is what i expect from Nassim, he and every interviewers dont share the same reality
I think she's just autist
This is the guy who told people in an investment conference in 2009 in Russia to short US Bonds as long as Bernanke was head of the Fed, because of the danger of strong inflation, even hyper inflation..
He said it was a low probability trade with huge payoff, idiot.
Only a few outlaw economists believed the same thing and everybody underestimated the delay it took for the inflation to show its face. However, majority of economists and markets priced in for deflation and helicopter money until a couple of years ago. Whose side are you on....
To be fair, no one had confidence in the US financial markets in 2008 / 2009. And the reason is they scammed, lied, and then fleeced the taxpayers to cover their own mess, then raised the debt ceiling to cover short term problems. Many investors will forget the insane / illegal / non traditional tools the large banks have at their disposal when crap hits the fan. So making bets based on their behavior is an enormous gamble because there is no traditional rule book they have to follow, they write their own rules on the fly and get presidents like Obama to threaten martial law if they don't get their way with a bailout.
The inventor of the laptop reference has nothing to do with Nvidia. Nvidia is not a new company, it has been around since the 1990s under the same visionary leader. It also reports monster quarters, so it has insane profits and makes the best GPUs without question. The one thing thats worrisome is that the stock could pull back so much JUST on hearsay from a small Chinese company. Thats worrisome because it means there are alot of clueless investors in the name that sell on such news.
Buying the dip.
The wealth of Nvidia is based on certain things.
1. the AI boom. We know that AI will continue booming for quite a while, although the variation of the predictions is high.
2. the AI boom will drive the creation of large AI models which are very hungry for parallel computing chips. This is also true, although there's a lot of variability in the prediction.
3. The assumption that the AI boom needing large quantities of Nvidia chips will continue. This is the part that has become much less certain, hence the sell off.
@ LLMs are new tech. That's because the L stands for large, and only recently have neural networks been large enough to be described like that. Also, neural networks were not widely used until 10 years ago.
GPUs will always be in demand. But the crucial questions are: how many chips do you need, and are those going to be Nvidia's chips, maybe somebody else can make those chips more cheaply. Those are questions that will determine Nvidia's future as a company.
More like Intel
He had to get down to a third-grade level for this actress. That was the problem. A man would be more suitably informed.
Worse interviewer ever. Talked like a 15 year-old to a legend.
He knew it too. This was an insult to him.
But she's a babe
"worst"! "worse" is comparative, while "worst" is the superlative.
This reporter sucks... you can feel his frustration as he repeats the same thing over only to be asked the same question in a different way.
Yeah she's really slow
A lot of the media is focused on DeepSeek training on Nvidia H100 and H800 chips, but fail to disclose that DeepSeek is running on Huawei Ascend 910C chips. This is really why Nvidia and the US are freaking out about DeepSeek.
after scrolling for 3 pages, it is the first comment of merit :) the rest is all about people, who listen about AI an still talk about people :)
Nassim Taleb is a genius. The journalist is being highly respectful asking great questions (if strangely emotional -- maybe it was financially personal like someone astutley recognized early on in this thread?!). If you've read Nassim's books or watched him at all (lots of great interviews on YT), you could have filled in the sentences with the keywords he commonsensically, uttered.
I saw a keen observer point to the wildcards in all of these financial markets, humans trying to make sense out of situations, risk and life acting out in real time, all of which is pegged by real-time programmed triggers, causing markets to soil their pants, or project that and bail instead of buy more / other / different AI related opportunities.
I find this whole subject amusing as one day this market is wild, the next day, that market is crazy and all the while in my world of integrating AI solutions into real world businesses and dealing with huge disruption, AI solutions injecting efficiencies, adding tools that may although them to better compete, assisting humans to do better / more fulfilling jobs and beginning to feed upon itself because there will be real transformation because of AI on the levels that have yet to be experienced.
In an interview, the important thing is the "interviewed" not the "interviewer", we do not care at all about the opinions and most of the interrumpting questions of the "interviewer". If the interviewer wants protagonism she can open an onlyfans account. An interviewer should never interrupt or cut the speech of the person that is being interviewed. 😂
I've owned NVDA for over 8 years. It's been up and down, but I believe in Jensen Huang and will stick with NVDA until Jensen says otherwise. I know that sounds crazy, but when the financial statements/Jensen, (same to me) tell me to sell, I will. I'm sure I won't sell at the top, but that's OK.
Kept $105k in CIT Bank HYSA at 5.05% but i now plan to invest in the stock market. What are your thoughts on that? What stocks should I look out for as a newbie to safely grow my money?
Apt!! I was self-managing my portfolio but suffered heavy losses in 2022 and i knew i couldn't continue like that, so i consulted a fiduciary advisor. By restructuring and diversifying my $1.2M portfolio with dividend-paying stocks, ETFs, Mutual funds and REITs, I significantly boosted my portfolio, achieving an annualized gain of 28%.
Mind if I ask you to recommend this particular coach you using their service?
The advisor am currently working with is Tanya Michelle Carroll. I came across her in a Bloomberg interview for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look her up.
I appreciate this. After curiously searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get outlining my objectives.
im not a fan of taleb but i like this interview because the interviewer asked simple and short questions and allowed the guest speaks, as opposed to arguing or injecting their own opinions. good job!
I was professor Taleb’s student at NYU and one thing I remember very well is that black swan event is not predictable and doesn’t have a beginning so this interview is just a click bait and has no merit
As an investment enthusiast, I often wonder how top-level investors are able to become millionaires through investing. I have a significant amount of capital to start with, but I'm unsure about the strategies and direct I should take to help me generate substantial profits like some people are this season.
I’m not in a position to offer financial advice, but given the significant amount of capital you're working with, it would be wise to consult a financial advisor who can guide you in developing a strategy tailored to your goals and risk tolerance.
Following a devastating portfolio loss in 2020 due to the pandemic, I sought the expertise of an investment advisor. Their guidance proved instrumental in transforming my seven-figure portfolio. The strategic support I received made all the difference in revitalising my investment success."
Thanks for sharing your experience! I’ve been managing my portfolio myself, but it’s not working out. Do you have any recommendations for a good investment advisor? I could really use some help.
Nikki Leigh Brooks is a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
@@lacio01-l9k nikki Leigh killed my entire family and stole our assets, DO NOT RECOMMEND
Great to see Mr. Taleb! The interview felt a bit cold, but I’m grateful for the knowledge shared by the legend himself!
The interviewer did a great job. Take a step back and you will realize that she was able to get Nassim to explain a lot of deep concepts. Sometimes high level open ended questions, while they may seem unprepared or low quality, can actually be excellent at giving the interviewee the lattitude to explore what they think is interesting or explain deeper conceptual topics rather than caging them down into a narrow scope.
Nvidia has been on such a high for so long, but this plunge is making everyone second-guess tech stocks. It’s like the whole market is more fragile than we thought, especially with all this talk about AI hype cooling off
It feels like one piece of bad news and everything starts to crumble. I think it’s a reminder that we can’t be too comfortable, even with the big names. Just because a stock has been a winner doesn’t mean it’s going to stay that way forever
Nvidia was one of those stocks people thought was almost untouchable, especially with AI driving so much growth. But now, it feels like this could be a warning of more pain ahead for tech stocks and maybe even the entire market
Nassim comes across as more intelligent, calm, at ease, articulate, and in tune with the historical context and larger picture than does his younger interviewer who seems a bit frightened.
Thanks for the buying opportunity for Nvidia. I love market overreactions
Summary: stock price fluctuates. We needed this genius interview to know 😂
the fact that you're pretty in Miami doesn't make you a good journalist. my brain hurts from her questions
facts
I watched it with the sound off. It was a fine interview then! 😂
She's not even pretty
The concept that people have had that everyone is going to sit around and let Nvidia eat at the banquet table forever without trying to elbow in themselves has been obvious for years. If you didn't see a day when Nvidia faces some competition and the stock dropped hard, you're a fool.
Nassim absolutely avoids even making eye contact and does not even let her ask more than 3 words of a question - he was clearly annoyed by her and there was no rapport there - she will grow from this and I sincerely hope she becomes a 1000% better interviewer, this is how life goes, u gotta learn your crafg
He’s been right before, especially with his Black Swan theory. When Nvidia dropped 17%, it was a big wake-up call. And if Taleb is right about a drawdown two or three times bigger than that, we're looking at some serious turbulence in the markets
This man is brilliant. I just took a look at NVDIA and it's $113.60. Stock was as low as $111 This Stock is tanking and do not know when to jump in as I am luckily 100% cash. They say buy the dip but how do you know if it's a dip or heading back to $100?
Man, you can feel the maestro struggling to try to explain a concept to the IQ equivalent of a chihuahua. 😂😂😂
My man confused Adam Osborne (of the Osborne 1 portable computer fame) with Sir Clive Sinclair (of the ZX Spectrum fame). The Osborne 1 was the first commercially successful portable computer, but due to some bad business decisions the Osborne Computer Corporation went bankrupt.
When you ask questions, but didn't read any of his books, because they were more than 140 characters. :D
The last time I was on an awkward first date like this the background music was nothing as soothing as the music played during this interaction.
Most comments under this don't even get his point. NNT is on another level. Even she isn't on his level which is why people notice she's uncomfortable. Read all his books. He is the greatest philosopher of our day.
Mr. Talib was patient & generous with the ridiculous questions she keep asking. Nobody knows what the market will do from one day to the next.
I don't really see the concern myself. I could understand it if there were other major CUDA chip manufacturers out there, but NVIDIA is the only game in town and Jevron's Paradox is going to ensure an extremely bright future for NVIDIA as long as that remains true. As usual, the stock market panics for no reason and those with more vision make money from it.
What can be better than N Taleb dropping wisdom with a lovely background music?
Sonali Basak should find another line of work. She's trying to spin a narrative, not listening to the Nassim Taleb who wrote the book on the subject of a black swan event, she is even arguing with him and baiting him to say something controversial. We don't need journalists like this.
In 2024, the Nvidia market cap was down several times, $279 billion in september, $500 billion in 3 days of june, even down 25% in summer. Even with all of these things, from january 2024, Nvidia was up 190% in net gains until december 2024.
$600 billion drop from valuation is still nothing
He told her it was a “small setback” and her immediate following question was “… bla bla bla why such a SHARP SELL-OFF”?!… Editorial line right there in your face - how news production works today is so incredible dumb
This interview is as extravagant and decadent as I would expect a Taleb interview to be 😅
He interrupts the interviewer to claim that "17 percent isn't large", and then patronizes her for the rest of the interview. Insufferable.
I’m convinced. Convinced that Taleb doesn’t know much about NVIDIA. Tough answering questions about something you know little about so admirable effort.
The average “Joe Blow” investor does not understand AI at all. Nor do most investors. This is like the panic selloff on the (false) story about heat issues.
Love the respectful and informal style of this video
Always a pleasure to listen to Mr Talib the Labnese!
This guy Taleb makes the poor girl look just wants to punch his face. I don't understand what the hell he's talking about. NVIDIA is on top of the AI boom. They are the toll Road for cars to pay.
5 years ago NVDA was $4.50. That's Prof. Taleb's point of reference. Her's is yesterday.
Interviewer: Do you think NVIDIA is going to drop down?
Nassim: It could, it would certainly seem like a reasonable event considering the the magnitude of growth the stock has experienced in such a short period of time. Statistically, if we compare the growth of NVIDIA with that of other technology companies in the past, there are definitely a lot of risks associated with owning NVIDIA when you see the great rise and crash of companies like Alta Vista.
Interviewer: So, does that mean you think NVIDIA is going to drop down?
A man so attuned to the stock-market that even his eye-contact is up and to the right.
Historically, growth stocks like Nvidia often experience significant fluctuations between their highest and lowest closing prices. It's not unusual for these stocks to see pullbacks of 50% or more, even during strong growth years. This was not a Black Swan, but an overreaction of a market that doesn't understand AI. A 10 times cheaper inference is excellent news for AI, more AI models become profitable. The race for ASI will include a larger group of smaller players. It's good news for Nvidia. Nvidia improved it's overall performance of its platform 1000 times in the last 8 years, a 10x is a normal effect of High Tech exponential growth.
Why is she arguing with him? She asked him for his opinion and he gave it.
She could not respond to his answers because she knew NOTHING about the market forces, the fundamentals nor history of Nvidia. Difference between hardware and software, etc. went right over her head. Pffft! He was talking to a third-grader.
Her master's is in make-up and lip pursing.
Taleb and the market are very confused. If real, deepseek R1 suggests there will be much stronger demand for NVidia chips than even previously expected. As the marginal cost of intelligence falls, demand will skyrocket. These are the basics.
@user-nz5wn6ut4f In a couple of months your investment in OpenAI will be worse than worthless. But, hey, if it makes you feel better about yourself, you can always call it FAKE NEWS!!
Exactly. Its market's nature to overreact, especially with such a volatile and now knowing a fragile stock. If H50s could do that wonder imagine what H100s could and further more to come?
Precisely. DeepSeek R1 just means that now some of Nvidia’s cheaper GPUs might be just as oversubscribed as Blackwell is (and will continue to be for the foreseeable.) Anyone selling Nvidia doesn’t know shit about semi conductors. Ditto the morons selling TSMC.🙄
To extend that tired old metaphor: when a new goldmine is discovered, they’ll still need shovels and donkeys.
I agree on the Black Swan event and definitely a big sell-off in the magnificent 7. But NVDIA fundamentals are not threatened by DeepSeek. Just the stock price is under threat.
What a ridiculous question.. the stock closed on Friday at $142 and opened Monday morning at $127, that's computer algorithms doing their thing. Once the market opened stop losses were triggered, short sellers piled on. Finally, the stock found support at $118
I love how an interview is held in a public space like this. Perhaps yes have a technologist who understands finance/statistics as an interviewer. Granted, it's not easy interviewing one of the best thinkers of our generation.
Great place to have an afternoon conversation!
Not the best interview? Seems like the same question was asked many times over. Looked unprepared.
The two person are talking with entirely different ontological frameworks.
@@dawuid1491 you meant to say epistemological frameworks? :)
@ no, it’s ontological differences. Epistemology is about the nature of knowledge.
@@dawuid1491 dont just say ontological for no reason
@ Sorry if you felt confused by my vocabulary.
@ im confused by your use of it for sure
He is a brilliant but he doesn't understand AI. This is something that NEVER happened in the past.
This response seems to come from someone with a limited understanding of how TikTok's algorithms truly work, still clinging to perspectives from the 2000s. The advancements in computing technology have significantly reshaped the global landscape. However, producing cutting-edge chips is not something that can be achieved easily, even with substantial financial resources. Take AMD as an example-despite its success as the 'David' that challenged Intel, it still struggles to establish a strong foothold in the AI GPU market.
it's software, not unique
@ it’s a system that can reason better than humans. Its not just a software
Innovation and creativity will ensure that NVIDIA can't monopolize for long. This is the original promise of capitalism.
NVDA stock gains: 5yr +1,528%, 3yr +367%, 1yr +78%
Shows us how clueless institutional investors (and Bloomberg) are about technology, real estate, etc. The look on this girls face is hilarious.
it won't hurt to have an interviewer who understands more history and the history of the market than the last 24 hours.
what fragility? are you kidding?
At no point does he say this is the beginning of some big decline as the title hints at. The main point is that a drop of 15% in a company on a 1000% run doesn't mean much of anything.
she's looking at him as if she's hearing the stuff he's saying for the first time ever. i can believe someone at bloomberg gave her to be the anchor of real yield.
Economic structure is not fragile because of this. Economic structure is solid, what's fragile are some overhyped stock prices, which will just come back to normal.
New menu in chinese restaurant:
Chest thumping Jenson stew 50cents
Arrogant altman deep grilled 10cents
This isn't an interview, more like therapy.😅
Man says $600B drop isn't large. Maybe interview him before drinks next time.
He's saying 1 to 10 and 10 to 9 isn't large.
Nvidia gained 3.5 trillion and lost 500 billion valuation in 5 years
@ 10 to 8, not 10 to 9 as you stated, and all in two days. That’s a large move however you slice and dice it.
@@ValueAnalyst1 alright then. Stick to the headlines.
But if you're interested, check out inelastic market hypothesis. It explains how a relatively small sell off can drastically change the market cap of a company.
Exacty, for a moment the forgot what he preaches, >6 Sigma movement isn't large now LOL
I don't know why people still thinks this guy is a guru. Como on!
The Wexxo ecosystem is impressive-this is no ordinary gaming token.
What he did not spell out was that people overreact. Usually in a positive way (hope) and it takes a long time for the reality to sink in.
By interviewers eyes I saw a naive self-confident "How could this be?", while hearing about similar things in the history from Nassim. Such self-confidence is a problem. THIS CAN HAPPEN
I’ve never seen someone interrupt an interviewer more than this dude
Next time hire a cameraman that doesn't have Parkinsons disease.
Oh right, Altavista. Almost forgot about that one. And then there is Netscape.
The Wexxo presale is one of the most exciting opportunities I’ve seen in a while.
You need a better interviewer for Taleb, he is being very kind and patient.
being cute seems to be enough to get a job, but how frustrating to watch
Poor questions but excellent answers.
Reality has always been that people want the best, and the best is not some old Chinese chips
Ignoring all other data, the Deepseek R1 story should only *increase* Nvidia share prices.
Deepseek uses Nvidia, the dominant hardware provider for ML.
Cheaper AI means it will be used more (think cheaper airline tickets).
More AI means more Nvidia GPUs used in ML inference throughout the world.
This a very serious journalism, great content. Taleb is always framing things with foresight.
Seeing rude comments about the interviewer is sad. Her questions, while not particularly deep, were relevant and fine for a short clip like this. If she had been a monotone voiced man there wouldn’t be a word about the questions asked.
@@TheNewTravel well .... people channel out their personal frustration to the lady interviewer conviniently
At least some different questions would not be such a waste instead of asking the same again and again but worded differently.
When Nassim Taleb tells you 'be careful'.....best be fuckin careful.