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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“Jensen Huang: “We are manufacturing in America because of President Trump.””
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 social media post highlighting Nvidia’s manufacturing decision could positively influence Nvidia Corporation’s stock by associating it with domestic economic growth. This statement may also bolster the Invesco QQQ Trust, Technology Select Sector SPDR Fund, and Vanguard Information Technology ETF, as these funds have significant holdings in Nvidia, potentially leading to increased investor confidence in the technology sector. However, the impact will depend on the broader market perception of Trump’s influence on manufacturing and economic policies.
Here are some of the stocks that might be affected:
Nvidia Corporation ((NVDA)),
Invesco QQQ Trust ((QQQ)),
Technology Select Sector SPDR Fund ((XLK)),
Vanguard Information Technology ETF ((VGT)).