On November 6, 2024, Wednesday, the US stock market opened with significant gains. The Dow Jones Industrial Average rose by 2.94%, the NASDAQ increased by 1.77%, and the S&P 500 climbed by 1.87%.

In terms of sectors, the Trump-related stocks saw a remarkable surge, with Trump Media & Technology Group leading the way. The electric vehicle sector also experienced notable gains, driven by Tesla's impressive performance.

Tesla Motors shares surged by 12.71% in premarket trading after former President Donald Trump claimed victory in the 2024 US presidential election. Investors are optimistic about Tesla benefiting from Trump's policies, particularly in the tech and crypto sectors.

NVIDIA Corp rose by 2.73%. NVIDIA surpassed Apple as the most valuable company in the US, with its market cap reaching $3.43 trillion, compared to Apple's $3.38 trillion. This milestone was achieved as NVIDIA's stock closed at $139.91 per share, up 2.84%.

Apple saw a slight decline of 0.74%. Despite the collaboration with Foxconn to produce AI servers in Taiwan, Apple's market cap was overtaken by NVIDIA.

Alphabet increased by 2.84%. Google announced a partnership with Saudi Arabia's sovereign wealth fund PIF to establish an AI center in Saudi Arabia, focusing on creating AI models for the Arabic language and specific applications for the region.

Coinbase Global Inc. surged by 15.02%. The stock rose significantly as Bitcoin briefly topped $75,000 following Trump's victory declaration, boosting investor sentiment in the cryptocurrency market.

Super Micro Computer Inc plummeted by 21.43%. The company issued a disappointing business update and outlook, leading to concerns about its future performance and potential delisting from NASDAQ.

Taiwan Semiconductor Manufacturing fell by 1.63%. TSMC announced plans to increase prices for its 3nm process and CoWoS packaging, with NVIDIA's agreement, which could impact its future earnings.

JPMorgan Chase saw a significant rise of 7.60%. Analysts from Morgan Stanley and JPMorgan Chase predicted a market rally regardless of the election outcome, extending the S&P 500's 21% gain for the year.

Bank of America also experienced a notable increase of 7.81%, reflecting positive investor sentiment in the financial sector.