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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“Jensen Huang: “After less than a year, we’re now manufacturing the most advanced chips for AI here in the U.S. All of this started with President Trump wanting to re-industrialize the U.S. His tariffs were a pressing agent in making this possible.””
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 Jensen Huang’s statement about U.S. chip manufacturing could positively impact Nvidia Corporation’s stock, as it emphasizes the company’s role in advancing domestic production. This could also influence Advanced Micro Devices, Inc. and Taiwan Semiconductor Manufacturing Company Limited, as investors assess the competitive landscape and potential shifts in supply chains. Additionally, ETFs like Invesco QQQ Trust, Vanguard Industrials ETF, and Technology Select Sector SPDR Fund may experience fluctuations as they contain holdings in these companies and are sensitive to developments in the tech and industrial sectors.
Here are some of the stocks that might be affected:
Advanced Micro Devices, Inc. ((AMD)),
Nvidia Corporation ((NVDA)),
Taiwan Semiconductor Manufacturing Company Limited ((TSM)),
Invesco QQQ Trust ((QQQ)),
Vanguard Industrials ETF ((VIS)),
Industrial Select Sector SPDR Fund ((XLI)),
Technology Select Sector SPDR Fund ((XLK)),
Vanguard Information Technology ETF ((VGT)),
iShares U.S. Industrials ETF ((IYJ)).