Nvidia Ends a Sixth Straight Losing Week Below $4 Trillion as Anthropic’s IPO Book Fills

November 14, 2026 · Category: Business & Tech

The week’s two biggest AI stories ran in opposite directions. Nvidia (NASDAQ: NVDA) shares fell another 2.01% on Friday, leaving the chipmaker below $4 trillion in market capitalization at the close for the first time since July 2025, CNBC reported. The stock lost 12.75% for the week, its sixth straight weekly decline and its longest such streak since 2012. That slide followed founder Jensen Huang’s resignation as chief executive on Thursday after scrutiny over extramarital relationships, with finance chief Colette Kress named interim CEO. CNBC said shares had already fallen more than 20% over the past month, and that several analysts had warned beforehand that Huang’s departure could cost the company as much as 20% of its value. Nvidia’s quarterly report next Tuesday is now the first major test under interim leadership.

Anthropic, by contrast, is finding buyers. Institutional interest in its initial public offering is outpacing the early days of SpaceX’s (NASDAQ: SPCX) roadshow, Reuters reported, citing people familiar with the offerings. The book drew about two times the shares available after the first day and was six times oversubscribed by the end of Thursday, one person said; SpaceX’s deal was two times covered after its second day. Anthropic has set a range of $70 to $78 a share and plans to list on Nasdaq under the ticker ANT, CNBC reported, with pricing expected Wednesday.

The demand comes with skepticism. Reuters said investors are weighing whether Anthropic can hold its lead as rivals such as Alphabet’s (NASDAQ: GOOGL) Google catch up, and whether its Claude chatbot can extend beyond coding into the wider market for knowledge workers. One attendee said the company had not given detailed answers to some questions, and Reuters reported a group meeting held without the usual dial-in for institutional investors. Banks’ valuation models lean on projected 2028 revenue of roughly $270 billion to $280 billion, the people said, while some sell-side forecasts put 2026 revenue near $52 billion to $53 billion. Anthropic and Morgan Stanley declined to comment, and Goldman Sachs did not immediately respond.

Compute costs are also reshaping product bets. SpaceX’s AI division cut about 60 roles from its Grok Imagine video and image-generation team, leaving a small maintenance crew, Investing.com reported, citing The Information. The company is prioritizing AI coding tools and agent products instead.

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Tickers: NASDAQ:NVDA, NASDAQ:SPCX, NASDAQ:GOOGL

Why it matters

Within a single week, the market is pricing leadership risk at the AI industry’s main chip supplier while lining up for the largest pure-play AI listing yet, and both outcomes hinge on questions about durability rather than current demand. The figures cited are reported market facts, not investment advice or price predictions.

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