NASDAQ Plunges As AI Stocks Sink, GTA 6, OpenAI’s Revenue Inflection | Diet TBPN

The hosts frame the day’s move as a violent post-election unwind in AI and semis, with the NASDAQ down 5%, the S&P 500 down 4%, and the 10-year yield falling as investors rotate out of the AI trade and into Treasuries. They emphasize that the selloff looks driven less by any single company and more by a regime shift in expectations for data center buildout, power demand, and the political appetite for large-scale AI infrastructure.

A big part of the discussion is whether AI monetization has already peaked in coding and enterprise software. The host argues that investors are asking what comes after AI coding, since use cases like AI for science and chip design may be important but are slower to monetize and harder to underwrite. That leads into a broader argument that enterprise AI budgets remain too small relative to the potential opportunity, even as the labs continue to pull in meaningful revenue.

The episode also explores how the market is repricing Anthropic’s possible IPO, with the host suggesting the company may need to delay or accept a discount if its supply-chain peers are being hit. At the same time, they note that hyperscalers look more resilient than smaller infrastructure names, and that Take-Two’s GTA 6 franchise strength and OpenAI’s reported enterprise comeback show that not all of tech is equally exposed.