Are you an Nvidia investor? President-elect Donald Trump just gave some terrific news for you; here's all about it
Nvidia investors will soon reap in some awesome benefits in the coming months, when Donald Trump assumes the role of US President after Joe Biden's tenure. This is majorly because of the fact that Trump is considered to be pro-market and some of his economic policies, although reportedly inflationary, may bringing in a bulkload of money for the US Treasury, if reports are to be believed.
Trump planning to give trade relaxations to Nvidia?
Meanwhile, Trump has announced that he will soon be replacing the Federal Trade Commission (FTC) Chair Lina Khan with Andrew Ferguson once he comes to power. This announcement has made Nvidia investors absolutely ecstatic, as the reigning chairman had a rather orthodox approach to various trade practices, including mergers and acquisitions. One of the latest example of such a action was blocking a $25 billion merger between Kroger and Albertsons, which disturbed the markets slightly.
Will the new FTC chairman's focus be on Big Tech scrutiny?
However, the FTC chairman's major focus has been on Big Tech companies like Nvidia, and now since Khan is going to leave the position to someone of Trump's choosing, it could be possible that Nvidia could get some major relaxation, owing to their surreal surge in the US stock market, that has looped in millions of investors from the country. Even though Ferguson, the potentially new chair, also has a thing for Big Tech companies, the approach could be somewhat different from Khan's as there are certain ways each Chairman may react once at the table.
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