# Amazon and Microsoft Market Values Climb Nearly $445 Billion After Midterms By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/49481 Published: 2026-11-05T18:25:17.000Z Updated: 2026-11-05T18:25:17.000Z Section: Investing > Investors may have viewed the result as favorable to large technology companies with data-center networks. Microsoft projected Azure growth above 45% next quarter, while Amazon raised its 2026 capital spending forecas… Amazon and Microsoft’s market values rose by nearly $445 billion in morning trading Nov. 4, as investors weighed the U.S. midterm results alongside demand for cloud services. Both companies’ shares approached intraday records. Microsoft accounted for about $250 billion of the combined increase, with Amazon making up the rest. Amazon shares rose between 7% and 7.7% during the session, while Microsoft gained between 5% and 7%. The vote left both chambers of Congress under Democratic control. Investors may have read that shift as a possible advantage for established technology companies with extensive data-center networks, amid expectations that the new Congress could consider policies favorable to them. Voters in several states also approved restrictions on building new data centers. Cloud performance offered a business backdrop to the rally. Amazon Web Services, the company’s cloud division, grew 39%. Microsoft projected that its Azure cloud platform would grow more than 45% in the next quarter. Amazon also raised its 2026 [capital-spending forecast]() to $220 billion. The combined increase came close to Microsoft’s own roughly $450 billion market-value gain after strong earnings in late July. Investors will watch Microsoft’s next-quarter Azure growth against its forecast, along with how local data-center restrictions are implemented and what policies the new Congress pursues. ## Links in this article - [capital-spending forecast](https://www.tokenpost.com/news/business/29495)