Tech, AI Stocks Split After Democratic Sweep: Microsoft Jumps, Tesla and Nvidia Tank
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 that briefly pushed index futures down more than 2%.