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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“There must be only One Rulebook if we are going to continue to lead in AI. We are beating ALL COUNTRIES at this point in the race, but that won’t last long if we are going to have 50 States, many of them bad actors, involved in RULES and the APPROVAL PROCESS. THERE CAN BE NO DOUBT ABOUT THIS! AI WILL BE DESTROYED IN ITS INFANCY! I will be doing a ONE RULE Executive Order this week. You can’t expect a company to get 50 Approvals every time they want to do something. THAT WILL NEVER WORK!”
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 statement on implementing a unified rulebook for AI regulation could lead to increased volatility in the stock market, particularly affecting tech giants like Alphabet Inc., Microsoft, and Nvidia Corporation. Investors may react to potential regulatory changes, impacting the performance of ETFs such as Invesco QQQ Trust, Technology Select Sector SPDR Fund, and Vanguard Information Technology ETF, which have significant holdings in these companies. The uncertainty around new regulations could create short-term fluctuations in stock prices as the market anticipates the impact of the executive order.
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)).