Trump Predicts Major Market Gains
Trump’s Market Rally Call as Tech Stocks Surge
Trump Predicts Major Market Gains
Photo by Adrian Roberts on Pexels
As the S&P 500 recovers its year-to-date losses, former U.S. President Donald Trump has once again made a bold prediction: “MARKET WILL GO A LOT HIGHER.”
Over the past month, U.S. stocks have staged a strong rebound, coinciding with Trump’s repeated calls to buy. Investors are now questioning whether his latest statement will once again prove accurate.
Overnight, tech stocks took center stage, with AI and semiconductor shares leading the charge. Nvidia (NVDA.US) surged over 6%, Super Micro Computer (SMCI.US) skyrocketed more than 16%, and AI-driven health tech firm Hims & Hers Health (HIMS.US) also saw significant gains.
Trump’s Influence on Market Momentum
Photo by ALOK DAS on Pexels
The recent rally, which began in early April, aligns with Trump’s April 9 declaration of a “major buying opportunity.” However, other factors also contributed to the surge, including Trump’s Middle East visit and the reversal of Biden-era AI export restrictions.
Trump’s Middle East Business Delegation
Photo by Nikol Kawulska on Pexels
On Tuesday, Trump arrived in Saudi Arabia for a four-day Gulf tour, accompanied by a high-profile business delegation. Notable attendees included:
- Nvidia CEO Jensen Huang
- Tesla CEO Elon Musk
- Amazon CEO Andy Jassy
- AMD CEO Lisa Su
- Google CFO Ruth Porat
- Palantir CEO Alex Karp
- Uber CEO Dara Khosrowshahi
- OpenAI CEO Sam Altman
Several stocks linked to these executives saw sharp gains. Palantir (PLTR.US) jumped over 8%, Uber (UBER.US) rose more than 4%, both hitting record highs. Tesla (TSLA.US) climbed nearly 5%, rebounding over 50% from its yearly low.
Saudi Arabia’s $600 Billion Investment Deal
Following meetings with Saudi Crown Prince Mohammed bin Salman, Trump secured a massive $600 billion investment package covering energy, defense, and AI infrastructure.
AI Expansion in the Middle East
- Nvidia agreed to supply 18,000 AI chips to Saudi’s new AI firm, Humain, and plans to build an AI factory in collaboration with the Saudi Data and AI Authority (SDAIA).
- AMD announced a partnership with Humain to develop AI infrastructure.
- Amazon Web Services (AWS) committed over $5 billion to establish an “AI Zone” in Saudi Arabia.
- Google launched a $100 million AI fund with Saudi venture firm STV to support regional startups.
- Oracle (ORCL.US) pledged $14 billion over the next decade for cloud and AI projects in Saudi Arabia.
Regulatory Shift: AI Export Rules Scrapped
The U.S. Commerce Department officially revoked the Biden administration’s “AI Diffusion Rule,” which had restricted semiconductor exports. This move is expected to benefit companies like Nvidia, as it removes barriers to global chip sales.
Big Tech’s AI Spending Spree
Major U.S. tech firms continue to ramp up AI investments:
- Meta, Microsoft, and Amazon are increasing capital expenditures, focusing on AI data centers and cloud infrastructure.
With these developments, market sentiment has improved, and AI-driven growth appears to be regaining momentum.
Keywords for Image Search:
Donald Trump, Nvidia stock, Saudi AI investment, tech stocks rally, AI chips, stock market surge, semiconductor stocks, Middle East business deals