As the 2024 election approaches, some of Silicon Valley’s most influential figures are throwing their weight behind President Donald Trump, betting that his deregulatory push will unleash AI innovation. Veteran investor Louis Navellier, who has a track record of identifying tech winners, predicts that Trump’s policies could ignite a “Trump boom” in AI, creating significant investment opportunities.
Navellier points to Trump’s 2019 executive order, which doubled AI research investments and created a favorable regulatory environment, as the key to unlocking future growth. This approach has attracted the support of industry heavyweights like Andreessen Horowitz and Elon Musk, who view Trump’s strategy as the best way to keep the U.S. at the forefront of AI development.
The addition of J.D. Vance as Trump’s running mate has reinforced the campaign’s focus on tech and deregulation. Vance’s background as a venture capitalist and his connections to Silicon Valley have made him a natural ally for those seeking to break free from what they see as the overregulation stifling the industry. Tech leaders believe that a Trump victory could remove the bureaucratic hurdles standing in the way of AI advancements.
Navellier, frequently seen at Mar-a-Lago, has become one of Trump’s most vocal supporters in the investment community. He hints that Trump’s first executive order upon returning to office could be a game-changer, setting the stage for high-performing AI stocks that investors should watch closely. With the tech sector rallying behind Trump’s vision, the stakes for the 2024 election couldn’t be higher.
