With the 2024 election looming, President Donald Trump is winning over some of Silicon Valley’s biggest names, thanks to his commitment to dismantling regulations that industry leaders say are stifling AI innovation. Wall Street veteran Louis Navellier, who accurately predicted early tech success stories like Apple and Microsoft, is touting a “Trump boom” that could usher in the next wave of AI advancements and investment opportunities.
Trump’s deregulatory approach, laid out in his 2019 Executive Order #13,859, has made him a favorite among tech investors who see an opportunity to break free from restrictive policies. The order set the foundation for the growth of AI by doubling research funding while establishing a supportive regulatory framework. With Trump poised for a potential return to the White House, industry giants like Andreessen Horowitz and Elon Musk are betting on his policies to drive the sector forward.
The selection of Ohio Sen. J.D. Vance as Trump’s running mate has further galvanized support from the tech world. Vance, a former venture capitalist with deep ties to Silicon Valley, aligns closely with Trump’s vision for fostering innovation through deregulation. The pair’s focus on economic freedom and technological progress has resonated with industry leaders who see AI as the future.
Navellier, known as the “King of the Quants,” continues to emphasize the lucrative potential of AI stocks under a Trump administration. He suggests that Trump’s first executive order, should he win, will be a bold move that opens up new opportunities for AI investment, setting the stage for another tech boom.
