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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
““America has the power to lead the AI revolution and the leadership to make it happen—President brings industry leaders to Pittsburgh to leverage natural gas for powering the next tech revolution””
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 leveraging natural gas for the AI revolution could positively impact the stock prices of Amazon, Alphabet, and Microsoft, as these tech giants are likely to benefit from advancements in AI technology. The Technology Select Sector SPDR Fund may see an uptick due to increased investor interest in tech stocks, while the Energy Select Sector SPDR Fund could also gain as natural gas becomes a focal point in powering technological advancements. Overall, the emphasis on AI and energy collaboration may create a bullish sentiment in both the technology and energy sectors.
Here are some of the stocks that might be affected:
Amazon.Com, Inc. ((AMZN)),
Alphabet Inc. Class A ((GOOGL)),
Microsoft ((MSFT)),
Technology Select Sector SPDR Fund ((XLK)),
Energy Select Sector SPDR Fund ((XLE)).