$SUPER MICRO COMPUTER INC(SMCI)$ Biden has stepped aside in the US presidential race, leading analysts to expect market friendly Trump to win the election in November. This could spell an upside for tech stocks especially with Trump picking JD Vance as his running mate. Vance is known to be Silicon Valley friendly. And trump has always been business friendly with his 2017 tax cuts for big corporates. Could this spell a bull run this week for tech stocks That suffered a slump after last week's semicon export control rumours thanks to Biden? While trump has said Taiwan should pay for its own defence, leading$Taiwan Semiconductor Manufacturing(TSM)$ stock to plunge, him in office could mean good news for American semicon giants like$NVIDIA Corp(NVDA)$ and$Advanced Micro Devices(AMD)$ and $ARM Holdings Ltd(ARM)$
Here's hoping Wall Street Reacts positively when markets open on Monday!
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