You cannot tell from the NVDA stock crash if it's because the CEO had an affair, or because NVIDIA illegally sold GPUs to China and is in huge trouble.
Or because the current stock value is highly inflated and the bubble is starting to pop.
I can't see how the stock is highly inflated with a P/E of 20 and expected +100% year over year quarterly results expected in a few days. Normally companies doubling their revenue or profit (not sure which is what the expectation is here) are priced rather higher. A P/E of 20 is what I would expect for Coca-Cola, since it is going to grow at about population rate, since about everyone who wants to drink a Coca-Cola product is already doing so. (KO is currently 28, which I think is high, probably from people rotating out of tech)
Feels like the pop would start with companies like OpenAI and Anthropic.
...Or if it's because Chinese intelligence has stolen confidential information from Nvidia.