Google also saw significant gains, despite Trump's past criticisms. The potential rollback of business regulations could benefit Google and its parent company Alphabet. Meta shares did not perform well, possibly due to Trump's animosity towards CEO Mark Zuckerberg. Amazon and Microsoft could also be impacted by Trump's policies, with Amazon potentially facing pressure from Chinese tariffs and Microsoft appearing to be the least impacted by political changes.
Key takeaways:
- Donald Trump's election win led to a boost in tech stocks, with Tesla seeing the most significant gains due to CEO Elon Musk's support for Trump.
- Apple, despite seeing a rally in its stocks, had the smallest gains among the tech companies observed, possibly due to concerns about Trump's proposed tariffs on China, where most of Apple's iPhones are manufactured.
- Google surprisingly saw significant stock gains, potentially due to the possibility of Trump rolling back regulations and rules for businesses, which could benefit the company.
- Meta shares did not perform well in this period, possibly due to Trump's personal animosity towards Big Tech and Meta's CEO, Mark Zuckerberg.