$AMD
🚨Overnight shake-up! Democrats take both chambers of Congress—why did Wall Street fall first, then rally?
In the 2026 midterm elections, Democrats won both the House and the Senate, ending Republican control of Congress—a major setback for Trump after his return to the White House. The news initially sent Nasdaq 100 futures down 2.4% and S&P 500 futures down 1.4%. Markets worried about tighter AI regulation, limits on data center expansion, and changes to corporate taxes and oversight of tech giants.
But U.S. stock futures later recovered their losses, and global markets rebounded. Two factors were key:
1. Political checks and balances actually eased fears of drastic policy changes. Although Democrats control both chambers, the president has veto power, Senate filibuster rules remain in place, and major legislation still requires bipartisan support. Markets shifted from fearing upheaval to trading on “the stability created by gridlock.”
2. AMD’s earnings gave AI a powerful boost. Q3 revenue came in at $13.377 billion, up 45% year over year; non-GAAP EPS was $2.09, up 74%; and data center revenue reached $8.5 billion, up 97%. Its Q4 guidance was around $17 billion, with the midpoint up 66% year over year and 27% quarter over quarter. Demand for AI computing power has not cooled.
Meanwhile, the 10-year Treasury yield briefly dipped to 4.89% before trading around 4.92%. The dollar weakened, while the yen and Swiss franc found support. Markets are not trading on who won or lost politically; they are repricing the new balance between corporate earnings, industry growth, and the cost of capital. That’s the real story behind the initial panic and subsequent rebound.#美国中期选举：市场有哪些期待？
🚨Overnight shake-up! Democrats take both chambers of Congress—why did Wall Street fall first, then rally?
In the 2026 midterm elections, Democrats won both the House and the Senate, ending Republican control of Congress—a major setback for Trump after his return to the White House. The news initially sent Nasdaq 100 futures down 2.4% and S&P 500 futures down 1.4%. Markets worried about tighter AI regulation, limits on data center expansion, and changes to corporate taxes and oversight of tech giants.
But U.S. stock futures later recovered their losses, and global markets rebounded. Two factors were key:
1. Political checks and balances actually eased fears of drastic policy changes. Although Democrats control both chambers, the president has veto power, Senate filibuster rules remain in place, and major legislation still requires bipartisan support. Markets shifted from fearing upheaval to trading on “the stability created by gridlock.”
2. AMD’s earnings gave AI a powerful boost. Q3 revenue came in at $13.377 billion, up 45% year over year; non-GAAP EPS was $2.09, up 74%; and data center revenue reached $8.5 billion, up 97%. Its Q4 guidance was around $17 billion, with the midpoint up 66% year over year and 27% quarter over quarter. Demand for AI computing power has not cooled.
Meanwhile, the 10-year Treasury yield briefly dipped to 4.89% before trading around 4.92%. The dollar weakened, while the yen and Swiss franc found support. Markets are not trading on who won or lost politically; they are repricing the new balance between corporate earnings, industry growth, and the cost of capital. That’s the real story behind the initial panic and subsequent rebound.#美国中期选举：市场有哪些期待？