The Nasdaq 100 fell 6.4% in one day. Here is what drove it
Two days after the midterms, investors sold the companies building AI data centers, and chip stocks took the hardest hit.
AI chips and data centers
13 stories, newest first.
Google plans a $17 billion data center that makes its own power
The Wyoming site would run on a 702-megawatt fuel cell system with carbon capture, built on the property.
SpaceX's AI unit out-earned Starlink
The October 2026 figures showed $7.56 billion in quarterly AI revenue, nearly triple the quarter before.
Google opened its AI chips to PyTorch developers
An October 2026 release let code written for Nvidia hardware run on Google's processors with a one-line change.
Anthropic's IPO filing targeted a valuation above $2 trillion
The September 2026 prospectus showed $4.6 billion in 2025 revenue, about $8 billion in operating losses and $518 billion in computing commitments.
Anthropic signed a $35 billion computing deal with Lambda
The September 2026 agreement was the AI company's third large infrastructure contract of the year, the Wall Street Journal reported.
Apple raised prices across the Mac and iPad lines
Many June 2026 increases were 10% to 20%, and some were far larger, as memory chips stayed scarce.
Google announced an $80 billion equity raise to pay for AI
One of the most profitable companies in the world went to shareholders for money in June 2026.
Nvidia launched a processor designed for AI agents
The Vera CPU, shown in June 2026, extended the chipmaker from graphics processors into the other half of the server.
The $599 Mac mini is gone
Apple dropped the cheapest version in May 2026, raising the starting price to $799 as memory and storage chips ran short.
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