Hyperscalers and Apple surge after election results remove investor uncertainty

Apple's new CEO John Ternus holds the new iPhone 18 as he attends iPhone launch day at the Apple Fifth Avenue store in New York City on September 18, 2026, for the debut of the iPhone 18 Pro and iPhone 18 Pro Max. Timothy A. Clary | Afp | Getty ImagesMany of the biggest technology companies are surging on Wednesday, after Democrats scored a seismic victory in the midterm elections, flipping both the House and Senate.During trading on Wednesday, Amazon surged 8%, Google rose over 6%, Microsoft rose 4%, Meta was up 3%, and Apple — which faced Trump's tariffs and recently got refunds — climbed nearly 7%. Tuesday's results remove uncertainty in the market, David Kelly, chief global strategist at JPMorgan Asset Management, said on "Squawk on the Street."He said the divided government would lead to "moderation in growth, moderation in inflation, less uncertainty, and I think that's all helping the stock market move up today."However, some stocks, particularly those tied to Trump advisor Elon Musk as well as the AI data center buildout, fell on Wednesday. As results came in last night, some observers saw bad news for big technology companies because of their bets to build large AI-focused...