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What Trump 2.0 Means for the AI Boom

Well, Election Day is finally over. We now have a pretty clear idea of who will run the U.S. government.

A red wave swept across the U.S. this week, with Donald Trump winning the presidential election.

I’m on the record stating that whoever won Pennsylvania would win the election – and that’s exactly what happened. Donald Trump actually won all three of the big “Blue Wall” swing states, Pennsylvania, Wisconsin and Michigan. The swing states of Arizona, Georgia, Nevada and North Carolina were also all red this time around.

Clearly, these folks were ready for a change.

The red wave that swept across the U.S. also poured into Congress. The Republicans secured the majority in the Senate, and they are closing in on a majority in the House.

In the meantime, Trump 2.0 was celebrated by the stock market this week.

All of the major indices soared higher on Wednesday following the election results. The S&P 500 jumped 2.5%, the Dow rallied 3.5% and the NASDAQ rose nearly 3%. Smaller-cap stocks led the surge on Wednesday, with the Russell 2000 up 5.8%.

Interestingly, stocks didn’t take much of a breather on Thursday. The celebration continued ahead of and in the wake of the Federal Reserve’s decision to cut key interest rates by 0.25% (you can get my thoughts on the Fed’s rate cut here).

So, now that the election is over, we can draw a reasonable conclusion that President Trump will have a mandate to largely execute his economic plan over the next two years without much pushback.

Of course, that has major implications for AI technology and the stock market.

So, in today’s Market 360, I want to share some thoughts on the election and how a Trump 2.0 administration may impact the market now that the dust has settled. I’ll also tell you how to prepare to profit from a second wave of the AI Boom now that Trump will be president.

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