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Stock Market Performed Well the First Time
The stock markets did well when Trump was president.
A week before the 2020 presidential election,CNBCanalyzed how Big Tech fared under Trump.
It found Big Tech was a huge outperformer during Trumps first term.
Microsoft has continued to perform well under Biden, though not as well as under Trump.
It should be noted that Microsoft was coming off a much lower base when Trump took over as president.
What About AI and Nvidia?
AsBenzingareported, Microsoft is making a big bet on AI by partnering with OpenAI, the creator of ChatGPT.
Its hard to see how someone sitting in the Oval Office will influence AIs direction in the coming years.
Investors who bought Nvidia stock in March 2020 would have paid about $60 a share.
By May 20, 2024, shares were trading at around $1,065 a gain of nearly 1,700%.
Nvidia has since undergone a10-for-1 stock split.
That doesnt mean presidents cant play a role, however.
This negatively impacts U.S. tech firms that depend on China for business and supply chains.
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