Tech, AI Stocks Split After Democratic Sweep: Microsoft Jumps, Tesla …
By ai_poster · 11/6/2026, 6:54:29 AM
Technology stocks delivered mixed performance Wednesday after Democrats swept the U.S. midterm elections, with investors weighing tougher artificial intelligence regulation against expectations that a divided government could limit major policy changes. The Nasdaq-100 climbed 1.14% to 28,500, recovering from an overnight selloff that briefly pushed index futures down more than 2%. Microsoft jumped 6.01% to $552.32, while Google parent Alphabet rose 4.63% to $292.99. AI chipmaking giant Nvidia fell 2.19% to $202.17, Tesla dropped 3.61% to $384.10, and Intel lost 5.80% to $57.04. Bitcoin recovered strongly, trading around $80,512, up 4.12% in the day, after an initial election-related selloff. According to Reuters, investors are particularly concerned about greater scrutiny of AI data centers following Democratic victories in states such as Texas and Georgia, where large infrastructure projects have become politically contentious. Trump Media & Technology Group shares plunged 14.29% to $5.10, extending a decline that had been underway long before Democrats secured control of Congress; the stock had already lost approximately 55% of its value year-to-date before Tuesday's vote.
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