0:00 Nvidia just wiped out its ENTIRE gain for 2026 in a brutal forty-eight-hour slide, shedding four hundred and seventy billion dollars in market cap.0:08 Yesterday on the show, we tracked the opening tremors across AI infrastructure; well, this morning, the fault lines cracked wide open.0:16 Now, your rapid-fire morning rundown.0:18 Anthropic officially cleared its waiting period and set terms for an eye-watering ninety billion dollar combined I.P.O.0:25 and private placement, eyeing a valuation north of one TRILLION dollars.0:30 Microsoft is aggressively lobbying the Trump administration to halt a Federal Communications Commission ban on Chinese optical transceivers, warning that cutting off those fiber components could stall thirty-five data centers currently under construction.0:45 Meanwhile, the Senate cleared a procedural seventy-three to twenty-five vote to advance legislation forcing tech companies to pay their own power bills and grid upgrades.0:55 And on Wall Street, Broadcom jumped over three percent while A.M.D.0:59 spiked as high as six percent, as investors scramble to find ANY chip alternative not caught in regulatory crosshairs.1:06 So let’s get right into the firestorm at Nvidia, because this isn't just routine market chop.1:11 House Foreign Affairs Chairman Brian Mast gave CEO Jensen Huang a hard deadline of today, November eleventh, to answer a request for a closed-door briefing, threatening a formal subpoena if he doesn't comply.1:23 Lawmakers want answers about Huang’s relationship with an executive at Singapore-based buyer Megaspeed, who U.S.1:30 authorities suspect is a foreign intelligence asset.1:33 Look, Nvidia’s board already opened an independent review and stated they have no reason to believe confidential secrets were compromised.1:41 But Washington isn't waiting around.1:43 Capitol Hill is already pushing to tack the A.I.1:46 OVERWATCH Act onto the defense authorization bill before December, which would clamp massive new restrictions on shipping advanced circuits abroad.1:55 Wait, think about that timing.1:57 Nvidia reports earnings on November seventeenth — literally the day before Congress wants Huang on Capitol Hill.2:03 Between supply constraints, rising memory costs, and Citi and Wells Fargo trimming price targets, Nvidia's once bulletproof pricing power is facing its steepest test yet.2:13 You know, for eighteen months, the street treated Nvidia like an untouchable money printer.2:19 But honestly, when the political risk catches up to the hardware narrative — and so — and so the real vulnerability isn't the compute, it's the geopolitical exposure.2:29 When your customer base and supply chains run straight through global friction, no silicon moat is wide enough.2:35 Here's the thing: while Claude’s parent company chases a trillion-dollar valuation on pure future promise, the hardware titan actually building the physical backbone is getting dragged into the Washington grinder.2:48 The A.I.2:48 buildout isn't slowing down, but the era of handing Big Tech an unchecked blank check just officially ended.
