THE Nasim TalebLebanon -American mathematician, statistician and author of the bestseller ‘The Black Swan’ It warns that Monday’s violent sale in Nvidia’s shares is just a taste of what is reserved for investors who have rushed blindly to benefit from the Wall Street shares powered by artificial intelligence.

Future falls could be two – even three -times larger NVIDIA’s 17% drop in early this week, Taleb said as part of the henge funds week in Miami. This decline extinguished nearly $ 600 billion from the company’s capitalization, making it the worst dive in market history.

‘This is the beginning’Taleb told Bloomberg News in an interview after closing markets on Monday. “The beginning of an adaptation of people in reality. Because, now, they realize that it is no longer flawless. There is a little crack in the glass. “

Frenzy sales were triggered by sudden fears that US technological giants may not dominate the artificial intelligence as expected. Concerns follow the appearance of Deepseek, a Chinese starter artificial intelligence company that has shown a low -cost approach to technology development.
Investors performed this as a threat to both the demand and the dependence on Nvidia’s advanced semiconductors. Taleb commented that investors have so far focused on a single narrative: that the company’s shares would continue to grow as it maintains its dominance in artificial intelligence. Monday’s retreat was actually “Very small” taking into account the dangers in the industry, he noticed.

Taleb, whose best -known book explores the extreme effects of rare and unforeseen events, is also a scientific adviser to Universa Investments, a high -risk hedge fund that offers protection against violent market movements. He is known on Wall Street for his gloomy forecasts.

A year ago, he warned that the US government’s borrowing was out of control. And in early 2023, he stressed that many investors were not prepared for the era of higher interest rates, when assets may not “swell like crazy”. The US Share Reference Index has risen almost 50% since then, to a large extent because of mania for what is related to artificial intelligence.

Taleb observed that too many investors have entered companies related to artificial intelligence at high prices without knowing the details of how it works or how much it can achieve. He described technology companies as “gray swans” because investors underestimate the divergences that can exist in just one day in prices.

For Nasim Nicholas Taleb, the author of the bestseller book “In the Pretition of Random”, the Black Swan is the basis of all events in the world, from the appearance of religions to the events in our personal lives. “The Black Swan is an extremely unlikely event with three basic features: it is unpredictable, it has huge consequences and after its arrival we want to show it less random and more predictable From what it really is. “