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Silicon Valley on Edge: AI Overhaul and Antitrust Adjustments Under Trump's New Term

As Donald Trump returns to the White House, Silicon Valley prepares for a drastically altered relationship with the US government, with AI regulations, antitrust enforcement, and semiconductor policies taking center stage. On artificial intelligence (AI) , Trump has vowed to dismantle an executive order from President Biden that sets safety standards and privacy guidelines for AI development. He has criticized the policy as "dangerous" and restrictive, proposing a new approach rooted in "AI development rooted in free speech." This shift could alter the AI landscape, emphasizing rapid innovation over security, with expanded energy capacity potentially easing land and electricity permitting hurdles . The antitrust landscape is also likely to shift, with a friendlier stance toward mergers and acquisitions. Although Trump is expected to maintain lawsuits targeting Big Tech, changes in leadership at the Federal Trade Commission (FTC) and Justice Department might f
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Nasdaq Hits Record High as Tech Earnings Propel Market; AMD Falls on Forecast

 

The Nasdaq Composite reached a new record high, boosted by strong performances from major tech companies. Notably, Alphabet Inc. (Google’s parent company) saw a 3.5% rise in after-hours trading after reporting better-than-expected earnings. Meanwhile, the S&P 500 posted a modest gain of 0.2%, but the Dow Jones Industrial Average slipped by 0.4%. The Nasdaq's rise comes as tech giants, with a combined market value of over $12 trillion, release their quarterly earnings throughout the week.

In other market highlights, Advanced Micro Devices Inc. (AMD) dropped 6% due to a lackluster revenue forecast, while Reddit Inc. and Visa Inc. exceeded sales and earnings expectations, respectively. McDonald’s Corp missed sales expectations, citing weaker performance in markets like France, China, and the UK. Meanwhile, Royal Caribbean Cruises Ltd. raised its earnings outlook for the fourth time this year, reflecting strong demand.

Additionally, Bitcoin surged, approaching its record high of $74,000 from March, while Treasury 10-year yields declined slightly to 4.27%. Investors are closely watching for the Federal Reserve's decision next week, as US job openings fell to their lowest since 2021, reducing expectations for another large rate cut.

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