# Nvidia loses over $1 trillion market cap as Krispy Kreme stock rises

Digest AI · Business & Funding · published 2026-11-06T10:50:00Z

Canonical: https://digestai.news/story/nvidia-loses-over-1-trillion-market-cap-as-krispy-kreme-stock-rises

## Summary

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.

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.

## 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.

## Why it matters

The sharp decline shows how political shifts can sway AI‑heavy stocks, while a consumer food stock’s rise highlights market volatility and diversification opportunities for investors.

## Sources

1. [Donuts Beat AI: Nvidia Has Lost $1 Trillion+ In The Past Month, While Krispy Kreme Surges](https://finance.yahoo.com/markets/stocks/articles/donuts-beat-ai-nvidia-lost-185058349.html) (finance.yahoo.com, 2026-11-06)

## Cite

Digest AI, "Nvidia loses over $1 trillion market cap as Krispy Kreme stock rises", 6 November 2026, https://digestai.news/story/nvidia-loses-over-1-trillion-market-cap-as-krispy-kreme-stock-rises

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