Democratic victory sparks concerns about AI regulation, casting doubt on Anthropic's $1.5 trillion IPO valuation Following the Democratic victory in the US midterm elections, markets worried about stricter regulations for AI data center construction. On November 5th, US AI and chip stocks plummeted, with the Nasdaq closing down approximately 5.5%. These concerns quickly materialized. Texas's Democratic-elect Gina Inojosa stated that current data center construction must be halted until measures to protect public safety are found. The pressure has also impacted the valuations of AI companies. According to sources, three major investors planning to subscribe to the IPO of Claude developer Anthropic believe the expected $1.5 trillion valuation may need to be revised downwards, with one suggesting a closer valuation of $1 trillion.