EquitiesEnergyMacro
Big Tech Rose 4.5 Percent as Its Data Center Suppliers Fell 12.8 Percent
Five Big Tech platform owners rose 4.55 percent on average on Wednesday while six data center suppliers fell 12.80 percent, the second widest gap since 2018. The session followed the election of Democrat Gina Hinojosa as Texas governor on a pledge to halt new data center construction. The gap of 17.35 percentage points ranks second of 1,966 sessions since December 18, 2018 in our companypricesnapshots table, and only January 27, 2025, the DeepSeek selloff, was wider. We chose the baskets after seeing the day, and our data cannot show that the election caused the move. On Wednesday, November 4, the equal-weight platform basket (AAPL, MSFT, AMZN, GOOGL, META) rose 4.55 percent. The equal-weight supplier basket…
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