0938 GMT - A Trump victory would be a major tailwind for AI initiatives, analysts at Wedbush write in a note. AI initiatives will likely be ramped up to benefit Microsoft, Amazon, Google, as well as other tech players that play a role in defense, such as Palantir, Wedbush says. While the U.S. Inflation Reduction Act would likely see some major changes under a Trump administration, which could negatively affect Intel and other similar chip players, the focus on AI will be front and center, Wedbush adds. There will likely be a very robust bullish market reaction from a likely Trump win, Wedbush says. (kimberley.kao@wsj.com)
(END) Dow Jones Newswires
November 06, 2024 04:38 ET (09:38 GMT)
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