Tech Up as Tesla Rallies on Trump Victory -- Tech Roundup

Dow Jones11-07

Shares of technology companies rose as traders bet the second Trump administration would ease antitrust pressure on Big Tech.

Shares of Tesla surged amid prospects that Elon Musk's electric car maker will receive favorable treatment, including tariff protections from the candidate he supported, Donald Trump.

Chipmakers rallied despite Trump's skepticism about the Biden administration's efforts to direct billions of dollars to them.

Shares of Super Micro Computer continued their retreat as investors kept assessing the server maker's attempt to dispel concerns about allegations of accounting irregularities amid a reduction in its sales growth projection and a delayed financial report.

Qualcomm shares rose in late trading after it reported better-than-expected earnings results for its fourth quarter.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

November 06, 2024 17:35 ET (22:35 GMT)

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