After Democrats won control of Congress, the Magnificent Seven tech megacaps split performance: Apple, Amazon, Microsoft, Alphabet, and Meta rose sharply, with Apple and Amazon gaining over 6%, while Nvidia and Tesla fell. This shift suggests a market rotation away from AI hardware stocks like Nvidia and Tesla toward companies favored by the new Congress, including heavy AI spenders like Amazon and Microsoft. Apple's market value surpassed Nvidia's again, highlighting the dynamic leadership changes among tech giants. Investors will watch if this trend continues or reverses by the market close.
Following the Democrats' win, Amazon shares on Pluang rose 7.36% to USD 269.14 as of Nov 05, 2026 01:31 WIB, reflecting strong investor interest. Microsoft also gained 6.61%, trading at USD 555.45, showing confidence in heavy AI spenders. Apple increased 6.27% to USD 352.70, maintaining its leadership among tech giants on Pluang.
Amazon's stock rose 6.28% following the Democrats' midterm election win, driven by reduced election uncertainty and strong AWS growth. ETFs with large Amazon holdings, like the Consumer Discretionary Select Sector SPDR Fund (22.22% Amazon), saw bigge...
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Following a volatile election night, Big Tech stocks led a market rebound with Amazon rising 7%, Apple and Microsoft each up 5%. Amazon's strong Q3 results, especially a 39% growth in AWS revenue, helped offset a slight earnings miss and boosted inve...
Amazon has surpassed Walmart as America's largest company by revenue, with nearly 80% of its income from e-commerce. Its North America e-commerce revenue rose 6% to $112.8 billion, with operating income up 82%, outpacing AWS cloud growth. However, Am...
An analyst maintains a Buy rating on Alphabet, viewing the recent Q3 stock pullback as an overreaction to concerns about AI monetization. While Alphabet's search growth is slowing, strong advertising revenue and cloud business economics help offset t...
