Key investors question whether Anthropic's IPO can achieve a $1.5 trillion valuation

Odaily reports: David Allen, head of long-short strategy at Plato Investment Management, said the root cause of Thursday's market sell-off lies in investors conflating AI's transformative potential with whether related investments can deliver returns. The Nasdaq 100 index plunged as investors rushed to sell off US tech stocks amid speculation that congressional Democrats will tighten regulation of the AI industry. "There has been an existential race among the large hyperscalers. The midterm election results effectively provided the spark for a significant market downturn," Allen said. Vihari Ross, portfolio manager at Antipodes Partners, said the sell-off reflects not so much structural problems among AI companies as the market beginning to reassess the realistic conditions for the next phase of related investment. "Achieving the goals requires massive debt—which means the cost of capital is crucial, and interest rate levels are crucial; moreover, it also depends on whether sufficient electricity supply can be secured and whether market demand can remain at current levels," she said. "Assuming all companies can achieve perfect results is probably not a wise approach."

Odaily reports: After meeting with senior national security advisers on Thursday, U.S. President Trump said he will soon decide whether to launch large-scale military action against Iran again.Two U.S. officials revealed that this was the first time since the end of the U.S. midterm elections that Trump specifically discussed the Iran issue with senior national security advisers, and the relevant meeting was held during his weekly intelligence briefing.In addition, according to Reuters, Trump confirmed that he held a private meeting on Thursday with Kirill Dmitriev, the special envoy of Russian President Putin. Trump did not disclose the specific contents of the discussion, but said that an agreement to resolve the Russia-Ukraine conflict may be reached soon. (Axios)

Odaily reports: According to people familiar with the matter, as the selloff in artificial intelligence (AI)-related stocks rattled global markets, Aspex Management, one of Asia's largest hedge funds, recorded a loss of about 16% in October, marking one of the largest single-month declines in the history of the fund, which manages $14 billion in assets. Still, as of the end of October, the fund, which focuses on pan-Asian equity markets, was up 9% year to date. (Jinshi)

Odaily reports that according to Lookonchain monitoring, a trader with a 100% win rate has once again gone long on 20,277 ETH with 25x leverage after the market decline, with the position valued at $45.3 million and currently showing a profit of $252,000. This trader has previously won all 10 trades, with realized profits of $6.32 million.

Odaily reports: In her first press conference after winning the gubernatorial election, Texas Governor-elect Gina Hinojosa took aim at the potential acquisition of state park land by Elon Musk's SpaceX, stating that she will review the matter.Hinojosa said she spoke by phone on Thursday with the head of the Texas Parks and Wildlife Department and requested that no related actions be taken until she officially completes the transition of power and takes office.

Odaily reports that Hyperbot data shows: due to crypto market volatility, Machi Big Brother Huang Lih-cheng's 25x Ethereum long position was partially liquidated, with approximately 136 ETH liquidated. He then urgently added collateral, increasing the position to approximately 530 ETH. The position is still at a floating loss, with a liquidation price of $2,200. Based on the current Ethereum price of $2,235, it is only $35 away from the liquidation price.