President Donald Trump’s 2024 campaign is gaining traction in Silicon Valley, where key figures in the tech industry are betting on his deregulatory approach to spark an AI boom. Prominent investor Louis Navellier, who has a proven track record in identifying top tech stocks, predicts that Trump’s victory could lead to major investment opportunities in AI.
Trump’s 2019 Executive Order #13,859, which doubled research investments and created a regulatory environment for AI, laid the foundation for this anticipated growth. Tech leaders like Andreessen Horowitz and Elon Musk have rallied behind Trump’s platform, attracted by his plans to remove regulations they see as stifling innovation.
With Sen. J.D. Vance joining Trump as his running mate, the campaign’s commitment to tech-friendly policies is clear. Vance’s Silicon Valley background aligns perfectly with Trump’s vision of advancing AI by cutting bureaucratic red tape. This has drawn support from major tech investors who are eager to see the next wave of AI development.
Navellier, who regularly consults with tech insiders, believes that Trump’s deregulatory agenda will open the door to high-performing AI investments. As the 2024 election nears, Silicon Valley’s support for Trump underscores a shift in the tech industry’s political alignment, with many now viewing his policies as essential to fostering innovation.
The convergence of politics and technology could be a defining factor in the election, with AI development at the forefront of this evolving landscape.
