#Us Stocks

Shares of Amazon, Apple, Microsoft, and other tech giants rose 2–8% following the US congressional elections. Investors expect Democrats to slow down the AI race and data center construction, potentially adding up to $1 trillion in market capitalization.

Shares of the 30 largest US chipmakers are falling for eight consecutive sessions, marking the sector's longest peak in 16 years. The SOXX index has lost 14% from October highs, while Intel's capitalization shrank by 20% in two weeks.

Shares of top US chipmakers are falling for eight consecutive trading sessions—a 16-year record. UBS analysts call this a recalibration rather than an AI market crash.