As former President Donald Trump’s 2024 campaign ramps up, Silicon Valley’s biggest names are throwing their support behind his promise to unleash AI innovation through deregulation. Tech investors and industry leaders are banking on Trump’s plans to roll back what they see as restrictive regulations imposed by Democrats. According to Wall Street insider Louis Navellier, this could lead to a “Trump boom” that will supercharge AI development and open up lucrative investment opportunities.
Navellier, known for his early picks of tech giants like Apple and Microsoft, sees Trump’s policies as pivotal for the next wave of AI breakthroughs. Trump’s deregulatory agenda has already attracted the backing of 17 major tech figures, including Andreessen Horowitz and Elon Musk, who are betting on the former president’s approach to cutting red tape and accelerating innovation.
The nomination of former venture capitalist and current Ohio Sen. J.D. Vance as Trump’s running mate has solidified the campaign’s focus on supporting tech-friendly policies. With AI set to be a cornerstone of the 2024 race, industry heavyweights are increasingly aligning with Trump, citing his 2019 Executive Order #13,859 as a turning point. The order, which doubled AI research funding while creating a favorable regulatory environment, laid the groundwork for significant advancements in the field.
Navellier, a frequent guest at Mar-a-Lago, has dubbed Trump’s AI strategy a game-changer. He predicts that a second Trump presidency will unlock unprecedented investment opportunities in AI, with new executive orders poised to shock even Trump’s supporters.
