Nassim Nicholas Taleb says DeepSeek market rout is the beginning and reiterates US tech giants may not dominate the field of artificial intelligence
Nassim Nicholas Taleb is undoubtedly one step ahead. He has now claimed that tough days are ahead for US investors who have blindly put in their money in US stocks through 2024 when the stock market was undergoing a dream bull run.
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Are Nvidia's dark days looming?
Those who reaped in profits from these AI stock trades advised every other person to put in money, and this word-of-mouth phenomenon spread like wildfire, and stocks like Nvidia, Broadcom, Palantir, Alphabet, Meta, and others who were deeply invested in AI research saw a massive upsurge in stock prices. However, with the entry of DeepSeek AI into the picture, billions were wiped off Nvidia's market cap within a week, and Taleb is of the opinion that this is more like a highlight of what could be in store for US investors ahead.
Taleb is also warning that there could be some major market pullbacks in store for AI stocks on Wall Street, and this could be even harsher than the 17% slump posted by Nvidia at the start of this week. The author is claiming that this is just the start, and could be just the tip of the avalanche.
FAQs:
Has Nvidia's stock price crashed? Nvidia saw a major stock price setback this week, owing to the sudden market rout due to the entry of China-based startup DeepSeek AI into the scene.
Is DeepSeek AI now available to
