Closing Time: The multiple just blinked
OpenAI will keep pouring capital into data centers despite midterm voters’ backlash against the buildout, CFO Sarah Friar told CNBC at Citi’s TMT summit.
Good afternoon. Friday’s tape tried to steady after Thursday’s AI washout, but the private-market price tags started blinking first.
OpenAI will keep pouring capital into data centers despite midterm voters’ backlash against the buildout, CFO Sarah Friar told CNBC at Citi’s TMT summit. “The demand for AI is real,” she said, framing community trust work and hyperscaler relationships as the path through a tougher politics of power, water, and noise.
Anthropic’s IPO multiple took the more immediate haircut. Prospective investors are now discussing a valuation around $1.2 trillion to $1.3 trillion, Investing.com reports, citing Bloomberg — down from the $1.4–$1.5 trillion range bankers had been hearing, and far below early-October talk near $2 trillion.
Corporate AI usage is still climbing even as the checks flatten. Ramp’s card data shows token spend grew just 1.5% across August and September after a 42% jump in July, a squeeze TechCrunch ties to price cuts, enterprise discounts, and thriftier routing — the buyer’s-market problem arriving just as Anthropic tries to list.
The Wire
The latest headlines from our live AI news feed.
OpenAI staffer pleads not guilty to office bugging charge — Bloomberg
Low-profile Wall Street firm to double down on Anthropic despite tech rout — Financial Times
$11.4M shipment of Nvidia cargo stolen in California heist — ABC News
Trump administration scraps meeting of panel that includes Meta's Zuckerberg, Nvidia's Huang — Reuters
AI boom turns chip packaging into the next battleground for semiconductors — Reuters
The same week U.S. ballots went roughly 43–1 against unconstrained data-center growth, activists breached a Microsoft campus under construction outside Amsterdam — about 100 people, a crane climb, and banners aimed at both AI power demand and geopolitics, The Verge reports.
Meta, still building the consumer layer of the boom, launched Spaces for Muse: project-shaped sidebars where the agent spins up trackers, planners, and boards that stay synced to connected apps, TechCrunch reports. Mark Zuckerberg said he has already used Spaces for a BBQ game, an event tracker, and a home dashboard.
Markets
Here is how a basket of AI-linked names traded in Friday’s U.S. cash session.
Biggest winners
| Ticker | Name | Price | Day |
|---|---|---|---|
| IONQ | IonQ | 32.55 | +23.16% |
| RGTI | Rigetti | 11.75 | +19.29% |
| QBTS | D-Wave | 10.68 | +18.01% |
| RKLB | Rocket Lab | 53.07 | +15.39% |
| COHR | Coherent | 192.86 | +13.61% |
Biggest losers
| Ticker | Name | Price | Day |
|---|---|---|---|
| TEAM | Atlassian | 153.68 | -16.15% |
| MCHP | Microchip | 58.35 | -10.02% |
| CRM | Salesforce | 213.67 | -3.93% |
| INTU | Intuit | 341.50 | -3.76% |
| SOUN | SoundHound | 4.11 | -3.52% |
Prices are from Friday’s U.S. trading session, November 6, 2026, versus Thursday’s close.