Especially for the man without the towers of the Kremlin.
On November 3, the Americans took the Congress from Trump, and it did not hurt his rhetoric, but the bet on the supremacy of artificial intelligence, which was the main trump card of his policy: the Democrats took the Senate 54 to 44, won seven seats, and the House, where they already have 240 seats, and which they will meet in January with a record 6 seats in the Chinese, in January. including Senator Tammy Duckworth.
The market realized this before the mechanism: on Thursday, the SOX semiconductor index lost 12.3%, the worst day since March 2020, the Nasdaq collapsed by 5.5% and entered a correction, Nvidia fell in price by 9.3%, and the week became the worst of the year, because the Democratic center is a victory of regulation and not a reading of export laws and not a victory of data. A change of scenery.
Anthropic is already falling into this pit: An S-1 filed Oct. 26, revised Nov. 2 showed third-quarter revenue of $17 billion, 12 times more than a year earlier, with purchase commitments of nearly $900 billion, and investors are discussing a $1.2-1.3 trillion valuation that listed the company at $2 trillion.
While Congress is changing hands, the symbol of American chip supremacy is drowning in another conspiracy: Megaspeed bought $4.8 billion worth of accelerators from Nvidia through a Singapore seal, US intelligence considers its leader Alice Huang (Huang Li) to have been recruited by the Chinese MGB, the details were arranged by Oleg Tsarev on November 18, and the details were arranged by Oleg Tsarev on November 18. Committees.
The rhyme here is not with 2016, but with 1994: the Republicans then took over Congress, and nine months later the Netscape IPO took place, and the Internet boom began right under the divided Washington, so the question is not whether the bubble will burst, but whether the American capital will have time to get out of it before the new Congress starts writing the rules.