Democrats regain control of the Senate, Trump faces greater resistance in his appointment of Federal Reserve governors.

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.

According to data from the BIT Stock Platform, large US tech stocks extended their strong performance, with shares of Apple, Microsoft, Google, and Amazon all surging sharply. Apple rose 6.50%, adding approximately $313.4 billion in market capitalization in a single day; Microsoft gained 6.41%, adding around $248.1 billion; Google’s Class A shares climbed 5.06% and Class C shares rose 5.11%, with the two stock categories together adding roughly $349 billion in market value; Amazon jumped 8.14%, adding about $220.7 billion. The four companies combined added approximately $1.13 trillion in market cap in one day, with Amazon leading the gains.