US Tech Shares Rally $750 Billion After Democrats’ Midterm Sweep
US tech shares surged Wednesday as investors bet potential curbs on new data-center construction could strengthen incumbents’ position in scarce computing power and ease pressure on cash flows. Amazon shares rose 7.4% to a three-month high.
Democrats' midterm election sweep sent shares in US tech giants soaring on Wednesday as investors bet that potential curbs on new data-center construction could cement their grip on scarce computing power while easing pressure on strained cash flows.Shares of Amazon surged 7.4% to a three-month hig…