TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“Jensen Huang: “As I promised, production of Blackwell has started. AI – invented in America, made in America, built for America and the world.””
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 post about the start of Blackwell’s production, emphasized by Jensen Huang, could positively impact Nvidia Corporation’s stock as it suggests advancements in AI technology and potential revenue growth. This announcement might also boost investor confidence in tech-focused ETFs like Invesco QQQ Trust, Technology Select Sector SPDR Fund, and Vanguard Information Technology ETF, as Nvidia is a significant component of these funds. The focus on American innovation and production may further enhance the appeal of these investments, potentially leading to increased demand and higher valuations.
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)).