Nasdaq 100 drops 6% as AI IPO fears rise

The author argues that US midterm election results have increased financial market anxieties regarding artificial intelligence spending and future regulatory restrictions. Amid these fears, the Nasdaq 100 index dropped significantly, while upcoming initial public offerings like Anthropic PBC face sharply reduced valuation forecasts. The text notes that these developments follow a period of AI-driven market growth lasting from 2025 through earlier this year. Open article →