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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
““PRESIDENT TRUMP SIGNS EXECUTIVE ORDERS ON ARTIFICIAL INTELLIGENCE” EXECUTIVE ORDER—PROMOTING THE EXPORT OF THE AMERICAN AI TECHNOLOGY STACK: EXECUTIVE ORDER—ACCELERATING FEDERAL PERMITTING OF DATA CENTER INFRASTRUCTURE: EXECUTIVE ORDER—PREVENTING WOKE AI IN THE FEDERAL GOVERNMENT:”
How Will Trump’s Statement Affect the Stock Market?
This latest post has the potential to affect the stock market. That’s because Donald Trump’s executive orders on AI could lead to increased investment and growth in the AI sector, potentially boosting stock prices for major tech companies like Amazon, Alphabet, and Microsoft. The focus on promoting American AI technology and accelerating data center infrastructure development may positively impact the Technology Select Sector SPDR Fund and the Vanguard Information Technology ETF. However, the emphasis on ‘preventing woke AI’ could introduce regulatory uncertainties that might affect investor sentiment.
Here are some of the stocks that might be affected:
Amazon.Com, Inc. ((AMZN)),
Alphabet Inc. Class A ((GOOGL)),
Microsoft ((MSFT)),
Industrial Select Sector SPDR Fund ((XLI)),
Technology Select Sector SPDR Fund ((XLK)),
Vanguard Information Technology ETF ((VGT)).