CIBC shared a list of 36 stocks expected to benefit from a Democratic-controlled Congress, including Meta Platforms, Apple, Alphabet, Amazon and Microsoft. Its scenario favors multinational companies and lower-volatility stocks in a more defensive market environment shaped by regulation. The bank also highlighted recent debt sales of $25 billion by Microsoft and $15 billion by Meta as easing financing pressure on the group. Texas and the potential slowdown in data-center construction remain key concerns for the AI trade, although CIBC expects most or all planned projects to be built eventually. In a Republican-controlled Senate, CIBC instead favors AI exposure, with a 45-stock basket including Nvidia, Advanced Micro Devices, Broadcom, Vertiv and GE Vernova.
Source: Read the original article
