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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“RT: America is the Country that started the AI race—And as President of the United States, I’m here today to declare that America is going to win it…”
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 declaration of America’s intent to win the AI race could boost investor confidence in U.S. technology companies, potentially leading to increased stock prices for major players like Alphabet Inc. Class A, Microsoft, and Nvidia Corporation. This optimism may also positively impact technology-focused ETFs such as Invesco QQQ Trust, Technology Select Sector SPDR Fund, and Vanguard Information Technology ETF, as these funds are heavily weighted in tech stocks. However, the market’s reaction will depend on the perceived feasibility of this claim and any subsequent policy announcements.
Here are some of the stocks that might be affected:
Alphabet Inc. Class A ((GOOGL)),
Microsoft ((MSFT)),
Nvidia Corporation ((NVDA)),
Invesco QQQ Trust ((QQQ)),
Technology Select Sector SPDR Fund ((XLK)),
Vanguard Information Technology ETF ((VGT)).