Black Swan’s Taleb Says Nvidia Rout Is Hint of What’s Coming
- Author says drawdown 2- or 3-times bigger than Monday possible
- Taleb speaks to Bloomberg News at Miami Hedge Fund Week
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The Black Swan author Nassim Taleb is warning that Monday’s brutal selloff in Nvidia Corp. is just a taste of what’s in store for investors who blindly piled into Wall Street’s AI-driven stock rally.
Future pullbacks could be two- or even three-times bigger than the 17% slump posted by Nvidia at the start of this week, Taleb said on the sidelines of what’s become known as Hedge Fund Week in Miami. That drop wiped $589 billion from the chip maker’s valuation, making it the worst in market history.