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Wall Street may be overreacting to midterm election results, warns Jim Cramer.

05 Nov 2026, 01:18 WIB
CNBC
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Neutral
Wall Street may be overreacting to midterm election results, warns Jim Cramer.

Jim Cramer cautioned that Wall Street's rally after the midterm elections, driven by expectations of slower data center development affecting AI investments, might be premature. While tech giants like Apple, Amazon, and Microsoft gained on hopes of easing data center costs, chipmakers and data center developers faced selling pressure. Cramer emphasized that the midterms do not change fundamental economic forces such as interest rates, Fed policy, and corporate profits, which ultimately drive markets. Investors should focus on long-term fundamentals rather than short-term election-driven moves.

As of Nov 05, 2026 06:31 WIB, Microsoft leads gains among tech giants on Pluang with a 6.53% rise, surpassing Apple’s 5.50% and Amazon’s 5.98% increases. Amazon trades below its 52-week high of $284.02 at $265.67, while AMD shows more modest growth at 1.00%, far from its 52-week peak of $649.42. This contrast highlights varied investor responses within the tech sector despite the post-election rally discussed by Jim Cramer.

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