MGK is trading at $88.60, up 2.16%, as election uncertainty eased after Democrats secured control of Congress, supporting a U.S. stock rally.

  • Semiconductor sentiment also drew support from AMD’s record $13.4 billion third-quarter revenue and forecast of approximately $17 billion in fourth-quarter revenue.
  • The broader move was reflected in the Nasdaq’s 2.41% gain and S&P 500’s 1.71% rise; data-center regulation concerns remain a counterweight for technology shares.