Dow Jones Rises Over 3% on Day Democrats “Sweep Both Chambers”; AI Stocks Broadly Decline

On November 5, BIT Stock Platform data showed: U.S. stocks closed Wednesday with the Dow Jones Industrial Average rising 3.10%, the S&P 500 Index gaining 1.65%, the Nasdaq Composite Index edging up 0.97%, and the VIX Fear Index plunging 20.26% to close at 16.61.

Sector performance diverged sharply—optical communications stocks declined collectively: Ciena (CIEN) fell 9.28%, Credo (CRDO) fell 9.55%, Lumentum (LITE) fell 7.85%, Applied Optoelectronics (AAOI) fell 7.35%, and Coherent (COHR) fell 5.98%; Neo-cloud概念股 weakened simultaneously: Cipher Digital (CIFR) plunged 19.95%, IREN fell 11.24%, CoreWeave (CRWV) fell 9.90%, Nebius (NBIS) fell 6.67%, Astera Labs (ALAB) fell 4.43%, and AST SpaceMobile (ASTS) fell 4.12%; memory-related stocks declined across the board: Seagate (STX) fell 8.13%, SanDisk (SNDK) fell 7.91%, Micron (MU) fell 7.00%, Western Digital (WDC) fell 6.77%, and SK Hynix ADR (SKHY) fell 5.12%; most semiconductor stocks faced pressure: Marvell (MRVL) fell 7.08%, ARM fell 5.28%, Intel (INTC) fell 3.77%, ASML fell 3.60%, NVIDIA (NVDA) fell 3.17%, TSMC (TSM) fell 2.24%, and Broadcom (AVGO) fell 2.00%, while AMD rose逆势 1.01%; Super Micro (SMCI) fell 5.70.

Cryptocurrency-related stocks exhibited polarized performance: BitMine (BMNR) rose 5.85%, MicroStrategy (MSTR) rose 5.09%, Coinbase (COIN) rose 4.16%, and Robinhood (HOOD) rose 2.02%, whereas MARA fell 4.05.

SpaceX (SPCX) declined 3.81% on the day.