Donald Trump's victory in the US presidential election could bring big changes in the world of technology. But this change may not be pleasant for everyone. Especially with companies like tech giants Meta and Google. On the other hand, Silicon Valley companies Tesla and Nvidia are seeing the light of hope. Meanwhile, the investment in digital currency has increased up to 21 percent due to the election.
The Trump administration's influence is seen in everything from tariffs to visas. Trump himself announced it before winning the election. Some of the tech giants are getting assurance from the political change, while others are worried.
Tesla chief Elon Musk was a supporter of Trump in the election campaign. Its results have also been found in the shares of the company. Shares of chip maker Nvidia also rose after the results. But there is a problem with Matter Zuckerberg and Google CEO Sundar Pichai. Due to the long-standing conflict with Zuckerberg, Trump has already warned that he will be sent to prison. On the other hand, the US president's relationship with Google is also bad due to negative comments against him.
In addition to Trump's threats, Apple, Google, Meta and Amazon are also involved in legal problems. Analysts say the tech industry will also suffer from Trump's tax hike. If the proposed tariff rates on foreign goods are implemented, the corporate income of the tech giants will also decrease. Trump's influence has also brought changes in the world of crypto. Stocks of Coinbase, MicroStrategy and Riot Platform Digital Investments rose between 11 and 21 percent.
Meta and Google
Under President Biden, the United States Department of Justice (DOJ) and Federal Trade Commission (FTC) have cracked down on big tech companies. Especially under the leadership of FTC Chair Lina Khan, Meta has filed extensive cases against Google, Amazon and Apple.
Republican administrations, on the other hand, have historically been more sympathetic to big companies. Trump will appoint a new attorney general and remove Lina to soften the blow.
But that doesn't mean the Trump administration will back off entirely from taking action against Meta and Google. Trump and Republicans have an old feud with Meta and Google. Meta and Google have often accused Republicans of bias against conservative views. Additionally, Meta suspended Trump's Facebook account after the riots on Capitol Hill. Because of this, Trump has a particular displeasure with Meta.
The DOJ first filed an antitrust lawsuit against Google during Trump's first term. The company lost a ruling in the case last August, and a second lawsuit was filed in September. Continuing the FTC's lawsuit against Meta and actions against Google during the Biden era is consistent with Trump's previous position. But the Trump administration is likely to move toward compromise rather than drastic action.
Meanwhile, Mark Zuckerberg and Sundar Pichai may try to reconcile with the Trump administration, especially Zuckerberg. He has praised Trump's courage in the past. This may affect the attitude of the ego-driven Trump.
the amazon
For Amazon, the situation is more complicated. The Biden administration has filed an antitrust lawsuit against Amazon. However, there is a conflict between Trump and Amazon founder Jeff Bezos. But the Bezos-owned Washington Post has not endorsed any candidate in this election, which could help shift Trump's views.
Apple
The Trump administration could be helpful in Apple's case. Tim Cook has developed a close relationship with Trump, and many of Apple's goals are aligned with Trump's position. Apple is reducing its dependence on China and moving new production centers to India, which Trump prefers.
Chip sector and Intel
The Biden administration has focused on the chip industry. Banning exports of advanced chips to China and encouraging domestic chip production. This is consistent with Trump's previous economic strategy. Trump has always started a trade war with China and prioritized domestic manufacturing.
Biden's incentives are opening new chip factories in the US over the next four years. This would particularly benefit Intel as the company has received a lot of federal aid. However, in a recent interview with Joe Rogan, he criticized Biden's incentives. But his opposition will no longer be realistic. If production ramps up, Intel will serve as a competitive US technology company, which is consistent with Trump's policies.
TikTok
In his first term, Trump took tough measures against TikTok. Trump moved to ban the platform when Chinese owner ByteDance refused to sell its US arm. The Biden administration has also followed this policy and recently set a deadline for the sale of TikTok's US arm to ByteDance. Otherwise, TikTok will be banned in the United States.
Despite concerns about TikTok's future, Trump has recently opposed selling the platform. According to him, this will increase the impact of meta. In such a scenario, Trump could use executive powers to suspend the ban, thereby creating some opportunity for TikTok.
Artificial Intelligence and Crypto
The Biden administration has imposed tighter controls on artificial intelligence and cryptocurrencies. Asking companies to publish AI training methods and establish AI safety institutes. Trump will likely take the opposite position. Because his campaign backers Elon Musk, Marc Andreessen and Ben Horowitz are in favor of deregulation in this area.
Trump has become an outspoken supporter of cryptocurrency and has proposed establishing a federal repository for bitcoin. His administration will likely reduce regulation in AI and crypto. As a result, these sectors will get significant development opportunities. Trump's interest in cryptocurrencies has recently seen the price of Bitcoin reach a record $90,000.
