Larry Fink Compares Nvidia AI Chips to Mortgage-Backed Securities as Nvidia Shares Drop
BlackRock CEO Larry Fink’s analogy for treating Nvidia AI chips as an asset class is framed as both insightful and cautionary. Investors reacted with a roughly 2.9% decline in Nvidia shares on Monday, erasing about $60 billion in market value, reflecting worries about leverage, circularity, and how fast hardware obsolescence could outpace long-duration financing.