The AI industry is gearing up for what many tech insiders are calling a “Trump boom,” fueled by the former president’s deregulatory agenda and support from Silicon Valley heavyweights. Investor Louis Navellier, known for picking tech giants like Apple and Nvidia early on, is predicting a surge in AI innovation if Trump wins in 2024, driven by his commitment to cutting regulations and encouraging tech freedom.
With the recent nomination of former venture capitalist Sen. J.D. Vance (R-OH) as Trump’s running mate, the campaign has made it clear that tech and AI development are top priorities. Trump’s 2019 Executive Order #13,859, which laid the foundation for AI growth, is expected to be expanded upon if he returns to the White House.
Trump’s platform has attracted backing from prominent Silicon Valley figures, including Andreessen Horowitz and Elon Musk’s America PAC. These tech leaders see Trump’s approach as a way to unlock further advancements in AI by rolling back what they view as stifling regulations imposed by Democrats.
Navellier, dubbed the “King of the Quants” by Forbes, has highlighted Trump’s potential to drive another wave of high-performing AI stocks. He suggests that Trump’s first executive order, if re-elected, could be a game-changer for investors looking to capitalize on the next big AI boom.
