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Democrats' landslide victory in the US midterm elections eliminates uncertainty, leading to broad gains in Big Tech stocks and a decline in data center concept stocks.
The Democrats' landslide victory in the US midterm elections has eliminated uncertainty, prompting a broad rally in Big Tech stocks while data center-related shares declined. In Wednesday's trading, Amazon surged 8%, Google climbed over 6%, Microsoft gained 4%, Meta rose 3%, and Apple advanced nearly 7%. Meanwhile, Tesla dropped 2%, SpaceX fell 3%, and NVIDIA lost over 1%. Additionally, voters rejected the construction of new AI data centers in multiple local ballot measures, sparking market concerns that related projects may face stricter regulation or setbacks.
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