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 AMDβs record $13.4 billion third-quarter revenue and forecast of approximately $17 billion in fourth-quarter revenue.
- The broader move was reflected in the Nasdaqβs 2.41% gain and S&P 500βs 1.71% rise; data-center regulation concerns remain a counterweight for technology shares.