Big Tech Rallies as Election Results Reshape AI Spending Outlook

The headline refers to the Wednesday, Nov 4 rally in Big Tech following the 2026 U.S. midterms, where Democrats swept both chambers of Congress and key governorships. Amazon (+8%), Microsoft (+7%), Alphabet (+6%), Meta (+4%), and Apple (+7%) added nearly $750 billion–$1 trillion in combined market value, as investors bet that Democratic state-level wins would