1016 GMT - Big Tech would get a boost from an expected ramp up of AI efforts under a Trump presidency, analysts at Wedbush say in a note. The analysts expect major AI initiatives within the government under a Republican administration, including at the Department of Defense. These would benefit AI players like Palantir alongside tech companies Microsoft, Amazon, and Google. "While the Inflation Reduction Act would see some major changes/revisions under a Trump Administration which would be a negative for Intel and others, the focus on AI will be front and center in our view and benefit Big Tech," they say. (helena.smolak@wsj.com)
(END) Dow Jones Newswires
November 06, 2024 05:16 ET (10:16 GMT)
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