A majority of Big Tech stocks rose on Wednesday after former President Donald Trump won re-election against Democratic candidate Kamala Harris.
Google (google+3.28%) Parent company Alphabet’s stock rose more than 3% after the market opened, but Amazon (AMZN+2.48%) stock rose more than 2% to its highest intraday price since its peak in July. Microsoft (MSFT+1.07%) and Apple (AAPL+0.58%) shares rose about 1% and 0.2%, respectively.
Meta (meta-0.98%) is the only Big Tech company whose stock price has fallen. It fell by about 1.3%.
Chipmaker Nvidia’s (NVDA+2.96%) shares rose 2.7% on Wednesday, increasing its market capitalization to $3.53 trillion and maintaining its position as the world’s most valuable publicly traded company. Apple is slightly behind with $3.41 trillion.
Taiwan Semiconductor Manufacturing Co.’s U.S.-listed shares fell about 3% on Wednesday. The company counts US-based Nvidia and Apple as major customers. However, when President Trump appeared on the podcast “Joe Rogan Experience” before the election, Accused Taiwan of stealing US chip industry. The president-elect also said he would impose tariffs on Taiwanese chips. It’s called the Biden Administration’s American Chips and Science Act. “Very bad.”
Intel (INTC+4.42%),In other words Largest chip method package expected So far (about $20 billion in funding and loans), the stock price has risen more than 4% on Wednesday.
On the other hand, the Dow Jones Industrial Average Increased by over 1,300 points At market open, the S&P 500 index was up 1.9% and Nasdaq futures were up 1.8%. Before Trump was declared the winner. Bitcoin reaches an all-time high By Tuesday night, it had topped $75,000.
