Reported 3 days ago
President-elect Donald Trump has appointed David Sacks, a Silicon Valley insider and former CEO of Yammer, as his ‘AI and cryptocurrency czar,’ which is expected to lead to decreased regulation in the tech sector. This move is seen as a positive sign for tech stocks, particularly for companies like Tesla, Nvidia, Microsoft, and Amazon, as Sacks' background and Trump's preference for deregulation may favor big tech during his administration.
Source: YAHOO