After Democrats won control of Congress, the Magnificent Seven split on Wednesday morning: as of about 11:15 AM ET on Nov. 4, five stocks rose, led by Amazon (up 6.32%), Microsoft (6.23%) and Apple (6.17%), while Nvidia (down 1.81%) and Tesla (down 3.57%) fell. Year to date, Apple was up 29.98%, Amazon 15.48%, Microsoft 15.17% and Nvidia 9.07%, while Meta, Alphabet and Tesla were in the red. Apple regained the top market value at $5.14 trillion, ahead of Nvidia at $4.89 trillion, a gap of about $249 billion. The article links the move to money rotating out of AI hardware toward sectors favored by the new Congress, but notes that one morning of trading is not conclusive, and that the biggest gainers were heavy AI spenders such as Amazon (about $220 billion in 2026 capital spending) and Microsoft (about $170 billion).
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Keywords
NVDATSLADemocratic Partymidterm elections
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Related tickers and likely impact
NVDA
▼ Likely negativeNvidia
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 11/03/2026 | 206.69 |
| Change that session | +2.29% |
TSLA
▼ Likely negativeTesla, Inc.
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Automobile Manufacturers |
| Market cap | $1.6T |
| Close on 11/03/2026 | 398.50 |
| Change that session | -1.32% |
AAPL
▲ Likely positiveApple Inc.
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Technology Hardware, Storage & Peripherals |
| Market cap | $5.1T |
| Close on 11/03/2026 | 331.90 |
| Change that session | -1.90% |
AMZN
▲ Likely positiveAmazon
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Broadline Retail |
| Market cap | $2.6T |
| Close on 11/03/2026 | 250.69 |
| Change that session | +2.06% |
GOOGL
▲ Likely positiveAlphabet Inc. (Class A)
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $3.5T |
| Close on 11/03/2026 | 280.03 |
| Change that session | +0.37% |
META
▲ Likely positiveMeta Platforms
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $1.6T |
| Close on 11/03/2026 | 621.03 |
| Change that session | +2.36% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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