On the day the Democratic Party swept both chambers of the U.S. Congress, the Dow Jones Industrial Average rose more than 3%, while AI-related stocks fell across the board.
According to data from the BIT Stock Platform, U.S. stocks closed on Wednesday: the Dow Jones Industrial Average rose 3.10%, the S&P 500 gained 1.65%, the Nasdaq Composite increased 0.97%, and the CBOE Volatility Index (VIX) fell 20.26% to 16.61. SpaceX (SPCX) dropped 3.81%.
Optical communication stocks were broadly lower, with Ciena (CIEN) down 9.28%, Credo (CRDO) down 9.55%, Lumentum (LITE) down 7.85%, Applied Optoelectronics (AAOI) down 7.35%, and Coherent (COHR) down 5.98%.
Neocloud-linked stocks weakened, including Cipher Digital (CIFR) down 19.95%, IREN down 11.24%, CoreWeave (CRWV) down 9.90%, Nebius (NBIS) down 6.67%, Astera Labs (ALAB) down 4.43%, and AST SpaceMobile (ASTS) down 4.12%.
Storage stocks pulled back across the board: Seagate (STX) down 8.13%, SanDisk (SNDK) down 7.91%, Micron (MU) down 7.00%, Western Digital (WDC) down 6.77%, and SK Hynix U.S. ADR (SKHY) down 5.12%.
Most semiconductor stocks edged lower: Marvell (MRVL) down 7.08%, ARM down 5.28%, Intel (INTC) down 3.77%, ASML down 3.60%, NVIDIA (NVDA) down 3.17%, TSMC (TSM) down 2.24%, Broadcom (AVGO) down 2.00%, AMD rose 1.01%, and Super Micro (SMCI) down 5.70%.
Crypto-related stocks saw mixed performance: BitMine (BMNR) gained 5.85%, Strategy (MSTR) rose 5.09%, Coinbase (COIN) added 4.16%, Robinhood (HOOD) advanced 2.02%, while MARA fell 4.05%.
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JD Vance plans to court disappointed voters to form a "New Right" alliance.
According to an exclusive report from Fox News Digital, U.S. Vice President J.D. Vance is seeking to form a "New Right" alliance with voters disappointed with Donald Trump ahead of the 2028 election cycle.
Following the Republican Party's crushing midterm election defeat, Vance published a lengthy post on X on Wednesday local time, distancing his stance from Trump on issues including foreign policy and U.S.-Israel relations.
"The reason we lost is this war," Vance wrote in the post. "The president himself said the same thing last night."
He cited four priorities outlined by a pollster: ending the war, focusing on cost of living and inflation, putting America first, and adjusting relations with Israel.
A White House official said these four priorities serve as Vance's rallying cry for the "New Right", intended to send a signal to Republicans who back Trump but disagree with or feel betrayed by his related foreign policy positions: "Vance is one of us." The official stressed that this move is not a break from Trump.
Fox cited sources saying a meeting was held at the White House on Wednesday morning to unify the administration's post-midterm election messaging. Trump told Fox on election night that the Iran war was "partly" responsible for the election loss.
The White House did not immediately respond to a request for comment.
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OpenAI has disclosed its self-developed vulnerability pipeline, which uncovered 948 Linux local privilege escalation vulnerabilities in a single run.
According to OpenAI's official website, the company has built an autonomous security research pipeline covering vulnerability discovery, dynamic validation, exploitability assessment, and patch generation. In a run centered on an upcoming network model, the pipeline scanned and verified Linux kernel-related targets, generating 948 local privilege escalation (LPE) exploits compatible with common Linux distributions. The API cost for this operation was approximately $1.213 million, equivalent to around $1,279 per LPE exploit.
The pipeline identified and analyzed a total of 2,308 candidate findings, dynamically reproduced 1,724 vulnerabilities, and produced an additional 291 information disclosure Proof-of-Concept (PoC) exploits. The target virtual machine ran a standard desktop system with full protections enabled. The Scout agent first flagged roughly 5,034 audit targets (about 2.8 million lines of code, accounting for ~7% of the kernel), while the Analyst agent generated the candidate findings in approximately 12 hours.
OpenAI said it has prioritized submitting patches for critical vulnerabilities as recommended by the Linux community, and is collaborating with partner Patch the Planet to advance the remaining reports. The company also noted that it obtained an additional 25 information disclosure PoCs and 21 LPEs in the adapted kernelCTF environment. Among 166 sampled exploits, the agents reportedly used at least 10 Linux exploitation techniques deemed relatively new. OpenAI emphasized that maintainers responded rapidly: within roughly 10 days of the scan, over 100 LPEs had been patched or were in staging patches, and around 300 others were under public discussion.
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U.S. Democrats are set to expand crypto consumer protection legislation, pushing for the SEC to gain greater regulatory authority.
According to market sources, U.S. House Democrats plan to expand the Cryptocurrency Investor and Consumer Rights Act, introduced by Representative Maxine Waters, into a more comprehensive 2025 Market Structure Act. The proposal would grant the U.S. Securities and Exchange Commission (SEC) broader regulatory authority, expand its oversight role over the Commodity Futures Trading Commission (CFTC), and introduce federal-level ethical restrictions. If advanced, the plan could impact the U.S. crypto market’s regulatory framework and the regulatory division of responsibilities between the SEC and CFTC.
6 minutes ago