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The Guardian - UK
The Guardian - UK
Technology
Robert Booth UK technology editor

What a second Trump presidency means for big US tech firms

Donald Trump Elon Musk United States Google Benedict Evans Tesla Inc.
Elon Musk jumping for joy in front of US flag
Elon Musk, the owner of Tesla and X, could be granted huge power over the agencies that regulate tech firms. Photograph: Ryan Collerd/AFP/Getty Images

When the US election result pushed shares in the artificial intelligence chip giant Nvidia to a record high and did the same to the price of bitcoin cryptocurrency, the market gave its verdict on what Trump redux means for at least parts of the technology world: a boom.

Stock in the electric vehicle (EV) company Tesla surged by nearly 15%, which must have cheered its boss, Elon Musk, whom Trump called a “super genius” on Wednesday.

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