Silicon Valley’s tech elite are increasingly lining up behind President Donald Trump as he campaigns for a return to the White House, drawn by his promise to dismantle regulations and boost AI innovation. Veteran investor Louis Navellier, known for spotting early tech stock winners, is predicting a “Trump boom” that could trigger a wave of AI growth and deliver major gains for investors.
Navellier attributes the growing support from industry leaders to Trump’s proactive stance on AI and his commitment to cutting the red tape that has stifled progress under Democratic leadership. High-profile figures like Andreessen Horowitz and Elon Musk are rallying behind Trump’s approach, which began with his 2019 executive order that accelerated AI research and set the stage for today’s advancements.
The addition of Ohio Sen. J.D. Vance to Trump’s ticket signals the campaign’s clear focus on tech and deregulation. Vance’s background as a venture capitalist and his ties to Silicon Valley make him a key player in rallying support for Trump’s agenda. The tech community’s backing highlights the belief that Trump’s policies are better suited to fostering AI growth than the regulations currently championed by Democrats.
Navellier, a frequent Mar-a-Lago guest, continues to praise Trump’s policies, predicting that a victory in 2024 will unlock unprecedented investment opportunities in AI. He hints that Trump’s first executive order could be a major surprise, paving the way for high-performing AI stocks that could define the next phase of tech innovation.
