Nasdaq sheds $3.2tn in worst day since April 2025 as Nvidia sinks 9.3% on data center fears
rohanpaul_ai · x · 2026-11-06
Wall Street erased $3.2 trillion in market value on Nov 5 as the Nasdaq fell 5.52%, its worst day since April 2025, with AI chip stocks leading losses. Nvidia sank 9.3%, wiping out its 2026 gains. Panic centered on fears a Democrat-controlled Congress will slow the leveraged AI spending boom: Goldman Sachs says short-term moratoria could affect 45% of planned US data center capacity, per WSJ half of proposed additions face tougher local scrutiny (Texas and Ohio may pause construction over water/power concerns), debt-funded GPU renters like CoreWeave were hit hardest, and Meta's Dina Powell McCormick says every hyperscaler is now considering building outside the US.
Related event: AI and Compute Stocks Slump in One-Day Selloff, CoreWeave Hits 52-Week Low(7 posts)→
More from Venture
- JupyterHealth team wins $10M Laude Institute Moonshot Prize for open-source health data infra — irenetrampoline · 2026-11-06
- Claude suggested the darkest legal AI business, and someone built a $19/mo chatbot for texting the dead — LordKittyPanther · 2026-11-06
- Patron launches experimental pay-per-read monetization for creators, powered by Tempo — jeff_weinstein · 2026-11-06
- Matthew Berman: Hard to name any AI use case where blindly throwing tokens yields monetary value — MatthewBerman · 2026-11-06
- Vinod Khosla: skipped Anthropic investment because OpenAI insights are worth more — rohanpaul_ai · 2026-11-06
- Wispr Flow bets on nano-creators: 2,000-follower accounts earning $13K/month beat full-time influencers — lennysan · 2026-11-06