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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“Chris Wright: “A former Lawrence Berkeley National Lab scientist won the Nobel Prize in physics for work in Quantum physics. Quantum computing, along with AI and Fusion, are the three signature Trump science efforts. Trump 47 racks up his first Nobel Prize!!””
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 linking his science efforts to a Nobel Prize in physics could boost investor sentiment towards companies involved in quantum computing and AI, such as Alphabet Inc., IBM, and Microsoft. This positive sentiment might lead to increased stock prices for these companies and related ETFs like Invesco QQQ Trust, Technology Select Sector SPDR Fund, and Vanguard Information Technology ETF. However, the actual impact would depend on the market’s perception of the credibility and relevance of Trump’s claims.
Here are some of the stocks that might be affected:
Alphabet Inc. Class A ((GOOGL)),
International Business Machines Corporation ((IBM)),
Microsoft ((MSFT)),
Invesco QQQ Trust ((QQQ)),
Technology Select Sector SPDR Fund ((XLK)),
Vanguard Information Technology ETF ((VGT)).