U.S. midterm elections boost stock prices of major cloud service providers

After the U.S. midterm elections, the Democratic Party won control of the House of Representatives and the Senate, reducing market policy uncertainty, and technology stocks generally rose. Amazon rose about 8% during the day, Google rose over 6%, Microsoft rose over 7%, Meta rose about 3%, and Apple rose nearly 7%.

Analysts believe that higher regulatory thresholds may strengthen the competitive advantages of large cloud service providers, while emerging AI cloud service providers face greater pressure.