US midterms 2026: Amazon, Microsoft, Meta among Big Tech stocks that could benefit from divided government

A divided US government could be good news for Big Tech stocks in the 2026 midterm elections, according to Jefferies analysts. They believe a split government could help large technology companies continue spending heavily on artificial intelligence (AI) infrastructure.

Jefferies said a divided government could increase the chances of a national AI policy instead of different AI rules being created by individual states. This could allow AI development and innovation to continue at a faster pace.