Analyzing market shifts post-Democratic elections (Part 2)

Knee jerk reaction from markets, but that ultimately that this would sort of peter out. Right? Certainly. I don't think that this is the big one. I don't think this is the major sell off in AI. What does this mean then for the broader market, the s and P500 and the NASDAQ, given that AI stocks have been propping up the market for the past couple of years? I mean, it's a great question. We did see selling extend to sectors outside of AI on Thursday. Consumer staples, utilities, healthcare, there was a big move in Walmart stock. I think that that makes sense. Right. It's that anything that's happening in AI can affect the market more generally. It's been such a huge part of the market. But the other thing is just that AI has been such a big part of the US Growth story over the past couple years. You know, I was speaking to an investor yesterday who said that they thought that AI was responsible for a third of US growth this year. And so if the AI trade gets hit, that would have serious consequences for US growth more generally. SDFT's Kate Dogood. Thanks, Kate. Thank you. Now onto the actual regulation of the AI companies. It's no secret that Silicon Valley execs threw their weight behind the Trump administration. They hoped that he'd let the AI industry RIP. VFT's Joe Miller says American voters trashed those hopes. He joins me now to discuss where the Democratic sweep leaves Trump aligned tech companies. Hi, Joe. Hi, Mark. So what will these election results mean for Silicon Valley and its rapidly growing AI industry? I think they're nothing short of cataclysmic for Silicon Valley firms, and particularly those who have cozied up to Trump, as you say, over the past few years, very visibly traveling back and forth to Washington, appearing at the White House at his side in roundtables and at dinners. And the voters rebuked the Republican Party and their backers, which are largely Silicon Valley mega donors in this election. And what's more, many of the Democrats who won were running on an explicitly anti data center ticket, sometimes anti general AI acceleration ticket. And now it looks like there is going to be a Congress in which big tech has very, very few friends indeed. Yeah. What are we expecting Democrats to do in Congress regarding the AI industry come January when.