StocksMedium•5 November 2026•
1 min read
Amazon and Microsoft Shares Surge 7% as US Local Votes Curb Data Center Expansion
Key Facts
1Amazon and Microsoft shares rose approximately 7% following US midterm election results showing widespread local opposition to new data center construction.
240 out of 41 local votes tracked are on track to approve curbs on data centers, potentially forcing Big Tech to scale back massive capital expenditures.
Amazon and Microsoft shares rose approximately 7% following US midterm election results that showed widespread local opposition to new data center construction. According to investinglive.com, 40 out of 41 local districts tracked are on track to approve curbs on data centers, a move that could potentially force Big Tech firms to scale back their massive capital expenditures.
Amazon closed at $266.03 and Microsoft closed at $555.80 on November 4, 2026, as investors reacted positively to the prospect of reduced cash burn. In related market activity, META closed at $630.00 and GOOGL closed at $288.93 on November 4, 2026, while AAPL was trading at $346.83 on November 5, 2026.