The AI Trade Just Lost 3.2 Trillion Dollars in a Day
A post-midterm sell-off erased more than 3.2 trillion dollars from US stocks. The Nasdaq 100 dropped 6.4 percent and Nvidia fell 9 percent, losing 440 billion+ dollars of value. Anthropic's IPO mark collapsed to about 1
A post-midterm sell-off erased more than 3.2 trillion dollars from US stocks. The Nasdaq 100 dropped 6.4 percent and Nvidia fell 9 percent, losing 440 billion+ dollars of value.
Anthropic's IPO mark collapsed to about 1.2-1.3 trillion dollars (one buyer at 1.1 trillion), down from 2 trillion in October, and OpenAI's round shrank to a 1.25 trillion valuation. Fundamentals did not change in a day — the multiple the market pays just got stress-tested.
Key points
- US value erased: 3.2T+
- Nasdaq 100 -6.4 percent; Nvidia -9 percent
- Anthropic IPO mark 1.1-1.3T (was 2T in Oct)
- OpenAI round at 1.25T valuation
Read the full story on threerouter: https://www.threerouter.com/blog/361
Originally published by Dev.to AI. Aggregated on AIWithGhost for educational purposes — full credit and traffic to the original publisher.