Nvidia loses over $1 trillion market cap as Krispy Kreme stock rises
Nvidia, the world’s second‑largest company by market cap, saw more than $1 trillion wiped from its valuation after its October peak. The drop followed the U.S. midterm elections, where Democrats took control of the House and Senate and some candidates campaigned against AI data centers, adding pressure to AI‑related stocks.
Key points
- Nvidia's market cap fell by more than $1 trillion since its October peak, erasing over $1 trillion in value.
- Krispy Kreme's shares rose about 3% in 2026, outperforming Nvidia's negative returns for the year.
- The sell‑off came after the U.S. midterm elections gave Democrats control, with some candidates targeting AI data centers.
Meanwhile, Krispy Kreme’s shares rose about 3% in 2026 after a solid earnings report and a new line of Pokémon‑themed donuts, giving investors a modest gain while Nvidia posted negative returns for the year. If you had invested $1,000 in each stock, the donut company would have made money while Nvidia would have lost value.
Donuts Beat AI: Nvidia Has Lost $1 Trillion+ In The Past Month, While Krispy Kreme Surges
finance.yahoo.com · 6 November 2026
Loading the full article…
This text was published by finance.yahoo.com and written by Eddie Makuch. It is reproduced here with attribution so you can read it in full; the rights remain with the publisher. Read it at the source ↗
The headline, key points and digest above were generated by Digest AI's editorial model from the linked sources. Automated summaries can contain errors: the sources are the record. Spotted a mistake? Tell us. Published by Martin K., who runs Digest AI and handles corrections.
More in Business & Funding
All →- Cramer warns neocloud earnings may test AI data center stocks · 1 src
- Anthropic IPO valuation drops to $1.2T–$1.3T amid AI stock selloff · 12 src
- SpaceX says Google exec Donald Harrison resigned from its board · 1 src
- Google buys roughly $548M in Qualcomm shares · 1 src
- Oracle scrapped a ~$7B deal to lease ~100K advanced AI chips to Tencent, Sources say · 4 src
Comments
via GitHub Discussions