Regulation
Tech, AI Stocks Split After Democratic Sweep: Microsoft Jumps, Tesla and Nvidia Tank
The Nasdaq-100 gained 1.14% after Democrats won control of both chambers of Congress, but major AI and technology stocks moved in opposite directions. Bitcoin rebounded above $80,000, while Nvidia, Tesla, Intel, and Meta declined. Trump Media plunged more than 14%, extending a bearish trend that had been in place for weeks before the election. Technology stocks delivered a mixed performance Wednesday after Democrats swept the U.S. midterm elections, with investors weighing the prospect of tougher artificial intelligence regulation against expectations that a divided government could limit major policy changes. The Nasdaq-100 climbed 1.14% to 28,500, recovering from an overnight selloff...
Decrypt8 min read
