Hyperscalers and Apple surge after election results remove investor uncertainty

Apple, Amazon, Google parent Alphabet, Meta and Microsoft shares rose on Wednesday as midterm election results removed a layer of investor uncertainty for the mega-cap technology complex. The rally in hyperscalers came alongside gains in Apple, while stocks linked to Trump advisor Elon Musk and several data-center names fell. The split performance underscores how investors are repositioning around policy risk rather than trading a single broad market theme. Traders will watch whether the rotation into large-cap tech persists as vote counts finalize and control of Congress becomes clearer.