Apple shares surge nearly 7% as Democrats’ midterm wins boost Big Tech
Photo: Crypto Briefing
Investors are betting that tighter limits on new data centers could protect the giants that already own the computing power Apple shares jumped nearly 7% on Wednesday and hit a record high. The catalyst was a Democratic sweep in the US midterm elections. The midterms handed Democrats control of both the House and the Senate. Tech giants rallied hard the next day. Apple led the headlines. Its climb of nearly 7% pushed the stock to an all-time high and lifted its market capitalization above $5 trillion. Amazon and Microsoft also posted notable gains.
Source: Crypto Briefing
