Nvidia, Micron, and Palantir Drop After Midterm Elections

Tech stocks Nvidia, Micron, and Palantir have fallen sharply since last week's midterm elections, which gave Democrats control of Congress and raised uncertainty about AI infrastructure demand. Nvidia dropped from over $206 to below $170, while Micron fell from over $855 to under $700. Nvidia's decline also stems from CEO Jensen Huang's reported relationship with a Chinese spy, though the company's fundamentals remain strong at 21 times trailing earnings. Micron's risk hinges on continued memory shortages, making it volatile and cyclical. Palantir fell over 20% from its October peak despite 96% quarterly growth. Analysts suggest Nvidia may be a bargain, while Micron and Palantir carry higher risks due to growth dependence and premium valuations.