Congress Flips Blue as AMD Falls, ANET Rallies Following Strong Earnings

Congress will turn blue after Democrats secured seats in both the House and Senate in key battleground races. Tom White says the expected gridlock in D.C. traditionally creates a favorable environment for equities, though many AI-tied stocks moved lower as investors price in a slowing AI buildout. AMD Inc. (AMD) is one company that initially rallied off a strong earnings report before reversing after the election results. Meanwhile. Arista Networks (ANET) shares surged following its earnings while Datadog (DDOG) plunged.

Morning Movers

04 Nov 2026

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