Taleb's Stock-Rout Warning Strikes Chord on Wall Street

Naseem Taleb discusses the recent sell-off in NVIDIA shares, highlighting the market's overreliance on a few key players and warning of potential future losses. He explains that the sharp sell-off may be due to market structure and overcrowding, and emphasizes the risks of relying on AI stories. Taleb introduces the concept of 'Gray Swans' to describe underestimated market deviations, contrasting with the 'Black Swan' events. He also references historical examples to caution against assuming dominance in new technologies.

What does Taleb mean by referring to tech firms as 'Gray Swans'?

What was the market cap loss for NVIDIA mentioned in the discussion?