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Nvidia Loses $400bn as AI Shares Slide After Midterms

Demand shiftFunding shift

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The Guardian reports that Nvidia saw its value crash by more than $400bn during a sell-off that followed the midterm results. Anthropic, developer of the Claude chatbot, is reportedly hoping to float within the next fortnight for $1.5tn, but may not now get even a trillion dollars.

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The Guardian view on the AI backlash: American voters want a say in their future

The Guardian · Editorial · 6 Nov 2026

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