Tech Stocks Split on Democratic Sweep: Microsoft Up, Nvidia Down — SkimNews
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- Nasdaq-100 gained 1.14% to 28,500, recovering from an overnight selloff that briefly pushed futures down more than 2%, signaling renewed risk appetite after the election results.
- Microsoft jumped 6.01% to $552.32, outperforming peers as investors favored software stocks amid speculation that a Democratic sweep could lead to stricter AI hardware oversight.
- Nvidia declined 2.19% to $202.17, testing support near $200, even as the longer-term trend remains bullish despite concerns over AI infrastructure scrutiny in key states.
- Tesla dropped 3.61% to $384.10 and Intel lost 5.80% to $57.04, with hardware-focused tech stocks underperforming software counterparts on regulatory fears.
- Bitcoin rebounded to $80,512, up 4.12%, recovering from an election-related selloff and signaling persistent risk-on sentiment despite political uncertainty.
- Trump Media & Technology Group plunged 14.29% to $5.10, extending a months-long decline marked by a 'death cross' technical pattern since March 2025 and a near 90% loss from its 2024 peak.
Why it matters: The market’s split reaction reveals that investors are differentiating between AI software and hardware exposure, with Microsoft gaining on perceived regulatory safety while Nvidia and Tesla face higher political risk premiums. This divergence suggests that Democratic control is being priced as a direct threat to capital-intensive tech infrastructure plays, not just big tech broadly.
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