Silicon Valley’s tech community is increasingly backing President Donald Trump’s 2024 campaign, drawn by his commitment to deregulation and innovation in the artificial intelligence sector. Investor Louis Navellier, known for spotting early opportunities in tech giants like Apple and Nvidia, predicts that a second Trump term could ignite an AI boom, with significant investment opportunities for those ready to seize them.
Navellier’s prediction hinges on Trump’s promise to roll back regulations that have stifled tech growth in recent years. Trump’s 2019 Executive Order #13,859 laid the foundation by doubling AI research funding while establishing a regulatory framework that balanced oversight with freedom for innovation. The industry is now anticipating that a new Trump administration would push even further, removing barriers that have slowed AI’s progress.
Trump’s campaign has garnered the support of influential figures like Andreessen Horowitz and Elon Musk, who see his deregulatory approach as essential for unleashing the full potential of AI. The recent addition of Sen. J.D. Vance as Trump’s running mate underscores the campaign’s tech-forward strategy. Vance, a former venture capitalist in Silicon Valley, aligns closely with the deregulatory mindset, and his presence on the ticket is seen as a signal that AI and tech development will be top priorities.
Navellier, often referred to as the “King of the Quants,” believes that Trump’s first executive order in 2025, should he win, will set the stage for unprecedented growth in the AI sector. As Silicon Valley tech leaders increasingly rally behind Trump’s vision, the convergence of politics and technology could define the next era of AI development, positioning the U.S. as a global leader in the field.
With the 2024 election on the horizon, Trump’s ability to garner support from traditionally liberal Silicon Valley indicates a shift in the tech industry’s political alignment. As AI continues to drive both innovation and economic growth, Trump’s deregulatory stance is winning over more and more tech leaders who see it as key to the industry’s future.
