Part of our midterms guide. Start here: what the vote really changes for your money.
What Does Everyone Already Know?
Democrats won both chambers on Tuesday, and Democrat Gina Hinojosa won the Texas governor’s race after promising a moratorium on new data-center approvals. On Wednesday the stocks that build AI data centers fell hard, and all four of the companies that pay for them rose: Amazon closed up about 6%, Microsoft about 7%, Alphabet about 3% and Meta about 1%.
Who Fell, And Who Rose?
| Stock | Wednesday’s move | Its role in the build-out |
|---|---|---|
| Microsoft (MSFT) | +6.7% | Pays for it |
| Amazon (AMZN) | +6.1% | Pays for it |
| Alphabet (GOOGL) | +3.2% | Pays for it |
| Meta (META) | +1.4% | Pays for it |
| Nvidia (NVDA) | −3.2% | Sells the chips |
| Broadcom (AVGO) | −2.0% | Sells custom chips and networking |
| Vertiv (VRT) | −12.9% | Sells power and cooling gear |
| CoreWeave (CRWV) | −9.9% | Rents out chips in new buildings |
| Vistra (VST) | −13.8% | Sells power, much of it in Texas |
Every dollar…
https://www.trefis.com/stock/amzn/articles/622738/why-did-amazon-and-google-stock-rise/2026-11-05
