Tech, AI Stocks Split After Democratic Sweep: Microsoft Jumps, Tesla and Nvidia Tank — SkimNews
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- Nasdaq-100 climbed 1.14% to 28,500 after Democrats won control of both chambers of Congress, reversing an overnight index-futures selloff of more than 2%.
- Microsoft rose 6.01% to $552.32 and Alphabet gained 4.63% to $292.99 as software shares outperformed hardware following the election.
- Nvidia fell 2.19% to $202.17, with Tesla down 3.61% to $384.10 and Intel down 5.80% to $57.04; despite the “tank” framing, none had developed a heavy bearish trend, while Nvidia remained longer-term bullish near $200 support.
- Bitcoin recovered 4.12% to about $80,512 after an initial election-related selloff, returning above $80,000.
- Texas and Georgia’s Democratic victories left investors particularly concerned about greater scrutiny of AI data centers, where large infrastructure projects have become politically contentious.
- Trump Media fell 14.29% to $5.10, extending a decline that began before election night; the stock was already down about 55% year-to-date before Tuesday’s vote and had remained in a “death cross” since March 2025.
Why it matters: Microsoft’s 6.01% gain to $552.32 contrasted with Nvidia’s 2.19% drop and Intel’s 5.80% loss, making scrutiny of AI data-center infrastructure the clearest dividing line in tech. Trump Media’s 14.29% fall was less an election verdict than a continuation of a decline that had already cost it about 55% year-to-date before the vote.
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