The Nasdaq suffered its deepest one-day drop in 19 months on November 5, 2026, driven by market scrutiny of AI infrastructure costs following significant Democratic gains in the U.S. midterm elections

From the articleAnthropic Targets $1.4 Trillion Valuation in Blockbuster IPOAlso in Anthropic sets IPO price range of $70 to $78, looks to start trading Nov. 19, sources say, EXCLUSIVE: Anthropic eyes $1.4 trillion IPO valuation in test of Wall Street's AI fervor | Reuters
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