CNBC · Wed 4 Nov

AIAI-generated summary Apple shares made available an all-time high Wednesday as Wall Street rallied following the midterm elections. CNBC's Jim Cramer cautions that investors may be drawing premature conclusions about the economic implications of the vote.

Apple

AIAI-generated summary Figma rolls out more artificial intelligence credits to clients during the quarter while maintaining its current pricing structure. Figma finance chief Praveer Melwani says the company is trading off near-term revenue to invest in customers for durable long-term growth.

Earnings Enterprise AI

AIAI-generated summary Amazon and Microsoft shares are available up around seven percent as the market responds to a slower data center buildout following local votes. The market has rejected the high cash demands and spending on data center supply chains and chips as the risk reward ratio proved unconvincing.

Microsoft Amazon AI Data Centers

AIAI-generated summary Apple shares made available a climb of nearly 7% after the midterm election results removed investor uncertainty in the market. David Kelly of JPMorgan Asset Management says the divided government will lead to moderation in growth and inflation.

Google Meta Microsoft Amazon Apple

AIAI-generated summary Alphabet Inc.’s Waymo announced that it plans to end its exclusive robotaxi partnership with Uber Technologies Inc. in January 2028. Tekedra Mawakana states this change comes in response to customer feedback asking for more consistency when ordering self-driving services.

Autonomous Driving Partnerships

AIAI-generated summary Barclays Plc head of European and APAC equity strategy Emmanuel Cau says dip buyers are available for technology stocks as investors look past the US midterms. The vote delivered clarity for the technology sector as Democrats took control of Congress and the Senate, switching the focus back to fundamentals.

AIAI-generated summary Stock futures available after sliding Tuesday night following Democratic victories in key races across the country as Wall Street confronted a blue tsunami threat to the artificial intelligence boom. JPMorgan Chase analysts cautioned that the election outcome could trigger a sell-off due to assumed higher regulation, potential new data center restrictions, and higher taxes.

AI Economics

AIAI-generated summary Thirty-three ballot measures that restrict data centers are available after being passed by voters or leading in ongoing vote counts late Tuesday evening. Residents in communities across the country pushed back on plans by tech companies to build data centers to power artificial intelligence platforms.

AI Data Centers Energy & Environment