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Friday 6 November

Tech firms suffer bloodbath as US midterms fuel AI fears

AI-generated summary Asian technology firms suffered significant losses on Friday as investors reacted to a collapse on Wall Street driven by fears of increased regulation of the artificial intelligence industry following the US midterm elections. Seoul and Tokyo experienced heavy selling while companies including SK hynix, Samsung, SoftBank, and Tesla faced market pressures amid concerns over data centre opposition and political developments.

Also covered by Al Jazeera NBC News bloomberg.com
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Thursday 5 November

Anthropic IPO Faces $500 Billion Valuation Hit After Tech Stocks Plunge

AI-generated summary Anthropic filed for its initial public offering on Oct. 26 without setting a price range or stating the size and valuation of its listing. Media reports indicate that a major tech stock selloff on Thursday could impact the timing and valuation of the planned offering.

Also covered by Yahoo Finance The Decoder Bloomberg
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Watch Market Reassessing Pace of AI Boom: T. Rowe Price's Wang

AI-generated summary Tony Wang states that markets are currently reassessing the pace, feasibility, and long-term returns of the artificial intelligence boom. The portfolio manager attributes the recent selloff to crowded positioning, leverage, and momentum-driven trading.

Also covered by Yahoo Finance tomsguide.com the Guardian
+7 moreNBC News Mashable Decrypt Investing.com marketwatch.com investingLive Investor's Business Daily

Google Plans to Spend $17 Billion on Wyoming Data Center

AI-generated summary Alphabet Inc.'s Google plans to invest seventeen billion dollars to construct a new data center located in Wyoming. The investment announcement follows recent US midterm elections where voters and candidates supported stricter regulations and limits on artificial intelligence projects.

Also covered by bloomberg.com Interesting Engineering Yahoo Finance
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Nasdaq heading for worst day in 18 months as Wall Street sustains widespread losses

AI-generated summary The US Nasdaq share index headed for its worst day in 18 months after slumping by up to 5% on Thursday as Wall Street sustained widespread losses. Nvidia fell 6.7% while SanDisk tumbled 19% and Western Digital dropped 16.5% amid growing signs that the artificial intelligence industry will face tougher regulation.

Also covered by investingLive Yahoo Finance The Deep View

Bitcoin Erases Election Rally as AI Stocks Plunge, $428 Million in Crypto Longs Get Wiped Out

investing finance money bitcoin Breaking Push cryptocurrency stocks trading

AI-generated summary Bitcoin fell back toward $76,500 on Thursday as a broader technology stock selloff triggered $428 million in cryptocurrency liquidations. Investors expressed concerns over artificial intelligence spending, interest rates, and potential policy changes following the recent election.

Also covered by coindesk.com pcgamer.com www.theblock.co investingLive Yahoo Finance
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Tech Billionaires Face Tricky Political Waters After Democratic Midterm Sweep

AI-generated summary Readers viewing a preview of the article can see that tech executives such as Jensen Huang of Nvidia, Elon Musk of Tesla and SpaceX, and Mark Zuckerberg of Meta previously met with President Trump. Democrats will soon control Congress and prominent state governments after a midterm sweep, placing some tech executives in a trickier position regarding their political alignment.

Also covered by Fast Company The San Francisco Standard bloomberg.com marketwatch.com Decrypt TESLARATI the Guardian bbc.co.uk Investing.com CNBC Yahoo Finance
+4 moreFortune Futurism International Business Times thehill.com

AMD CEO: We’re helping customers get data center infrastructure

AI-generated summary AMD CEO Lisa Su announced that the chipmaker plans to selectively invest with lead partners to help secure data center land and power infrastructure for planned deployments into 2027. The company reported record data center segment revenue of $8.5 billion as part of $13.4 billion in Q3 revenue during a sustained artificial intelligence boom.

Also covered by Yahoo Finance

Wednesday 4 November

Stock futures drop as Wall Street confronts the ‘blue tsunami’ threat to the AI boom

AI-generated summary Stock futures available after sliding Tuesday night following Democratic victories in key races across the country as Wall Street confronted a blue tsunami threat to the artificial intelligence boom. JPMorgan Chase analysts cautioned that the election outcome could trigger a sell-off due to assumed higher regulation, potential new data center restrictions, and higher taxes.

Also covered by axios.com semafor.com Fortune investingLive Nikkei Asia CNBC thehill.com The Japan Times Yahoo Finance
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Tuesday 3 November

Apple may try to increase revenue by doing...something with third-party AI apps

AI-generated summary Apple is rumored to be exploring ways to boost its services revenue through third-party apps and partnerships, according to comments made during an earnings call. Chief financial officer Kevan Parekh mentioned artificial intelligence as a potential factor for revenue growth over time and noted that the company expects services growth to reach between 8 to 9%.

Also covered by bloomberg.com AppleInsider The Verge Retail Insider Yahoo Finance

Monday 2 November

Chip stocks are suffering from a ‘crisis of confidence’ — but things aren’t as gloomy as they seem

AI-generated summary Intel released a recent earnings report that showed strong performance for its data-center and AI business despite an overall stock decline. Rasgon says earnings reports from major cloud-services providers support the idea that the artificial-intelligence trade has more room to run.

Also covered by investingLive Investing.com Fortune Yahoo Finance

Sunday 1 November

Anthropic’s potential $2 trillion IPO could turn staff into millionaires

Dario Amodei

AI-generated summary According to reports, Anthropic is rumored to be targeting a potential initial public offering at a valuation between $1.5 trillion and $2 trillion. The blockbuster market debut could turn its thousands of employees into millionaires while creating potential concerns about employee retention and mission focus.

Also covered by Business Insider Tom's Hardware SiliconANGLE AI Business thezvi.substack.com AIStockWire Nikkei Asia Bloomberg The Decoder support.claude.com tftc.io investingLive Tech Times marketwatch.com Investing.com unite.ai Yahoo Finance
+12 moreforbes.com The Batch | DeepLearning.AI Cautious Optimism news.bloomberglaw.com CNBC TNW | Anthropic International Business Times Tech Xplore PYMNTS.com TechCrunch anthropic.com www.nytimes.com