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“特朗普2.0”时代开启,科技行业或迎巨变!“Mag7”中谁将是最大赢家?

The era of "Trump 2.0" has begun, and the technology industry may face huge changes! Who will be the biggest winner in the "Mag7"?

Futu News ·  Nov 8 20:04

After Trump took office, a number of new policies are expected to be implemented. In the AI field, Trump advocates for the development of AI and relatively relaxed regulation. The 'Mag7' all have deep layouts in the AI field, and this policy stance clearly has a positive impact on the development of the seven giants. In addition, Trump is highly likely to initiate a large-scale tax reduction plan and relax antitrust regulations for large enterprises, which will benefit the profitability of American giants.

With the dust settled on the U.S. election, the era of Trump 2.0 officially begins. The U.S. stock market has given a positive response in the past two days, with all three major indices reaching historic highs, and the 'Mag7' collectively advancing. $NVIDIA (NVDA.US)$Please use your Futubull account to access the feature.$Amazon (AMZN.US)$ also successfully hitting historic highs.

Although the technology sector is generally showing a trend of widespread gains, the impact of Trump's presidency on the 'Mag7' is not all positive. Due to Musk's strong support for Trump. $Tesla (TSLA.US)$ One of the companies that is expected to benefit the most from Trump's return to the White House.

Trump 2.0 era begins, what is the impact of "Mag7"?

Overall, after Trump took office, many new policies are expected to be implemented. In the field of AI, Trump advocates for the development and relatively lenient regulation of AI. Currently, Trump advocates for the abolition of Biden's executive order on artificial intelligence ("Executive Order on the Security, Reliable Development, and Use of Artificial Intelligence", October 2023), claiming that the order hinders AI innovation. The policy "Mag7" has in-depth layout in the field of AI, and this policy clearly has a positive impact on the development of the seven giants.

In addition, Trump is highly likely to launch a large-scale tax reduction plan, and relax anti-monopoly regulations for large enterprises, which will benefit the profitability of American giants. However, Haitong Sec's chief macro analyst Liang Zhonghua also reminds investors that Trump's significant tariff increase policy may have a negative impact on the economy and inflation. The medium to long-term performance of tech stocks still needs to be observed based on factors such as the Fed's interest rate cuts and performance.

  • Tesla

Looking specifically, Musk's high-profile support for Trump has laid a solid foundation for Tesla's development in the next four years. In his victory speech, Trump mentioned Musk's name eleven times consecutively. Musk may play an influential role in the Trump administration, as Trump had previously promised to appoint Musk to lead the "Government Efficiency Committee" once elected. On the day of Trump's victory, Tesla surged nearly 15%, with its market cap increasing by over a hundred billion dollars in a single day.

Wedbush Securities analyst stated: "On the surface, the Trump administration may not seem like good news for Tesla, as Trump may reduce tax incentives for electric vehicles. However, in reality, this may actually benefit Tesla because Tesla's competitors rely more on these incentive policies."

Analysts predict that this round of elections will bring more car sales to Tesla and more advertising orders to social platform X; in addition, Musk's other parts of the "business empire" will also receive huge returns, including lower corporate tax rates, more relaxed regulations in labor laws and environmental protection, and even SpaceX may have the opportunity to obtain more government contracts.

  • Nvidia

Trump believes that the "Chip Act" issued by the Biden administration is "extremely bad", arguing that attracting foreign companies to the US has wasted billions of dollars. Trump advocates attracting investment through tariffs and believes that this way can attract high-quality companies without any cost.

However, Adam Posen, the director of the Peterson Institute for International Economics (PPIE), stated that the "Chip Act" is unlikely to be "completely scrapped", and the Trump administration may try to reinterpret the "Chip Act" with a slightly different approach from Biden to allocate funds.

Changes in chip export policies may benefit Nvidia. Currently, Nvidia's advanced AI chips are restricted from exporting to China and some Middle Eastern countries. During Trump's term, although exports to China may continue to be restricted, it may be easier to obtain permits to sell to Middle Eastern countries.

  • Apple

$Apple (AAPL.US)$ The recent surge in strength is clearly different from Tesla, mainly because Apple produces many products in China, and Trump's strict tariff policy will have a significant impact on Apple's sales costs.

Analysts point out that there may be differences between the promises and policies during the election period and the actual implementation, and investors also need to pay attention to the intensity and pace of policy implementation.

  • Google, Microsoft

Wall Street generally predicts that Trump will dismiss Lina Khan, the chair of the Federal Trade Commission, and considering Trump's conflict with the Biden Justice Department, these officials who have been fighting tech giants in anti-monopoly battles are likely to be replaced.

For, the past six weeks have been difficult. The company's market cap has hit a record low, followed by drastic fluctuations in the stock price. However, with the recent market sentiment turning favorable, some investors have actively bought the dip, and in the past four trading days, Nvidia's stock price has soared by 17%, and the market cap has increased by over 420 billion US dollars in total. $Microsoft (MSFT.US)$ For giants like Apple, Amazon, in the coming years, the anti-monopoly pressure will definitely be much less.

The only exception may be $Alphabet-C (GOOG.US)$ . Including Trump supporters such as Vice President Pence, they repeatedly emphasize the company's bias against conservatives, and Trump also supported splitting the company during his first term.

Google is currently facing multiple antitrust cases filed by the Biden administration's Justice Department during the period, including charges of illegal monopoly in the internet search engine and advertising technology markets, facing the risk of being split up.

Unfortunately, Google became embroiled in controversy on election day. Some netizens discovered that when searching "where to vote for Harris," a map showing "voting locations" would appear; however, when searching "where to vote for Trump," this function is not available, causing dissatisfaction among Trump supporters.

  • Amazon, Meta Platforms

Amazon, $Meta Platforms (META.US)$ There is some historical friction between Amazon and Trump, which may be one of the potential risks for both giants in the future.

Amazon's founder Bezos has had a rather rocky relationship with Trump, with Trump frequently criticizing Bezos during his first term, questioning his motives for owning The Washington Post, criticizing Amazon's tax records and its relationship with the United States Postal Service. Bezos has also expressed dissatisfaction with Trump, posting on social media in 2015, saying "#sendDonaldtospace".

Zuckerberg's relationship with Trump has also been fluctuating. After the Capitol riot on January 6, 2021, Facebook disabled Trump's account for two years, and Trump has also referred to Facebook as an "enemy".

Congratulations from the tech giants.

After the results of the US presidential election were released, tech industry leaders sent their congratulations to President Trump, expressing hope for his success upon returning to the White House and looking forward to cooperating with his government.

As a staunch supporter of Trump, Tesla CEO Musk believes that the United States will see a new dawn after the election.

Apple CEO Tim Cook congratulated President Trump on his victory! We look forward to working with the new government to ensure that the United States continues to lead with intelligence, innovation, and creativity.

Microsoft CEO Satya Nadella congratulated President Trump, and we look forward to collaborating with the new government to drive innovation, creating new growth and opportunities for the United States and the world.

Google's parent company Alphabet CEO Sundar Pichai also congratulated Trump and expressed willingness to cooperate with the incoming administration.

Despite some previous disagreements, Amazon founder Jeff Bezos still celebrated Trump's victory on X platform, calling it an "extraordinary political comeback and decisive win".

Editor/Lambor

The translation is provided by third-party software.


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