Tech, AI Stocks Split After Democratic Sweep: Microsoft Jumps, Tesla and Nvidia Tank
Summary
After Democrats swept the U.S. midterm elections, the Nasdaq-100 rose 1.14% following an overnight selloff, while technology stocks diverged. Microsoft and Alphabet gained, but Nvidia, Tesla and Intel fell amid concerns about tougher AI regulation and scrutiny of data-center projects. Bitcoin recovered 4.12% to about $80,512. The moves reflect uncertainty over policy and questions about AI infrastructure spending and returns. Trump Media shares dropped 14.29%, extending a steep decline that predated the vote. The Nasdaq-100 remained below its October highs, while its recovery and Bitcoin’s rebound suggested risk appetite had not vanished, but investors were becoming more selective about AI exposure.
