Apple, Microsoft, Google and Amazon all rallied 5% to 8%, with the four companies adding more than $1.13 trillion in combined market capitalization in a single day.

According to data from the BIT Stock Platform, the Philadelphia Semiconductor Index extended its decline to 5%. Marvell Technology Group (MRVL.O) fell more than 9%, Micron Technology (MU.O) dropped over 6%, Intel (INTC.O) declined more than 5%, while NVIDIA (NVDA.O) and Broadcom (AVGO.O) fell more than 2%.

Against a sharp rebound in U.S. equities today, storage and semiconductor sectors fell sharply against the trend: the Philadelphia Semiconductor Index extended its decline to 5%. Marvell Technology Group (MRVL.O) dropped over 9%, Micron Technology (MU.O) fell more than 6%, Intel (INTC.O) declined over 5%, while NVIDIA (NVDA.O) and Broadcom (AVGO.O) fell over 2%. Seagate Technology (STX) lost 6.82%, Western Digital (WDC) fell 5.54%, SanDisk (SNDK) dropped 8.20%, and SK Hynix ADR (SKHY) declined 4.77%. Analysts point out that after the Democratic Party swept Congress, investors are worried about future intensified regulation, approval restrictions, and rising local opposition to AI data center construction, which may slow infrastructure development, weighing on related stocks in the short term. Recently, SK Hynix, Samsung, Micron and others have all highlighted in their financial reports and guidance that AI demand remains robust, HBM and server products are sold out, and profit margins are high. Institutions including JPMorgan and TrendForce also hold that fundamentals are solid, with prices still having upside potential by 2027, and the overall market size has been significantly upward revised. There has been no substantial slowdown on the demand side; AI remains the absolute core theme, and the logic of shortage and price hikes remains intact. The recent pullback in storage stocks is more a market sentiment reaction to concerns about the sustainability of AI capital expenditure, financing pressure, valuation adjustments, and post-election regulatory risks, rather than a deterioration in demand itself.

According to data from the BIT Stock Platform, losses in the U.S. stock market’s storage sector have widened, with individual stocks posting declines as follows: Seagate Technology (STX) fell 6.82%; Western Digital (WDC) fell 5.54%; SanDisk (SNDK) fell 8.20%; Micron Technology (MU) fell 6.20%; and SK Hynix ADR (SKHY) fell 4.77%.

According to data from the BIT stock platform, the Philadelphia Semiconductor Index has extended its decline to 3%. NVIDIA fell 1.62%, Broadcom dropped 1.67%, Micron Technology declined 4.91%, Intel fell 4.29%, AMD rose 0.32%, Qualcomm gained 2.29%, TSMC dropped 1.15%, and ASML declined 3.23%.

According to HTX market data, as Bitcoin briefly rebounded past $81,000, the entire cryptocurrency market has rallied across the board: BTC rose over 4.3% in 24 hours, ETH gained 6.66% in 24 hours, SOL jumped more than 4% in 24 hours, BNB climbed over 2% in 24 hours, XRP advanced more than 3.7% in 24 hours, and ZEC surged over 10% in 24 hours. The total market capitalization of all cryptocurrencies rebounded to $2.72 trillion, with a 1.0% 24-hour increase, and the Fear & Greed Index stands at 46 (neutral) as of now. Analysts from Goldman Sachs and Deutsche Bank argue that this round of risk market rebound is mainly driven by the unwinding of hedging positions accumulated ahead of the election after the election results became clear, while the decline in political uncertainty has also compressed market risk premiums. Goldman Sachs noted that the AI infrastructure sector has seen a significant contraction in valuations, and a drop in short-term volatility may further support the stock market. Following the conclusion of today’s U.S. midterm elections, high cost of living has become the top policy priority for the Democratic Party, which is set to take control of Congress. Hakeem Jeffries, the House Democratic leader expected to become Speaker of the House in January next year, said that after the Democrats take charge of Congress, the focus should be on reducing the cost of living rather than seeking retaliation against Trump.

After the U.S. midterm elections, the Democratic Party retook control of the Senate, creating greater headwinds for the Trump administration’s plans to further influence the Federal Reserve’s decision-making body. While the U.S. president has the authority to nominate Federal Reserve governors, their appointments require Senate confirmation. With Democrats controlling the Senate, they will hold leading oversight and confirmation power over Fed governor nominations, potentially blocking candidates seen as overly aligned with the White House’s policies from joining the central bank. Currently, there are no vacant seats on the Fed’s seven-member Board of Governors. Former Chair Jerome Powell remains a governor after stepping down as chair, with his term running through January 2028, meaning the Trump administration will struggle to reshape the board’s composition via new appointments in the short term. Democratic Senator Elizabeth Warren is expected to become chair of the Senate Banking Committee, further strengthening her scrutiny of Fed-related personnel nominations. However, the new Congress will not officially take office until January 2027, so Democratic control of the Senate cannot directly stop the White House from pressuring current Fed officials. Analysts note the election is likely to reduce political interference risks for the Fed, but this does not mean interest rates will automatically decline; future monetary policy will still hinge on inflation and economic data.