Tech Stocks Set For Strong Santa Rally As Wall Street Looks For An End To 'Regulatory Spider Web' In The Trump Era, Says Dan Ives

Major technology stocks are positioned for a strong year-end rally as artificial intelligence initiatives accelerate and regulatory pressures ease under President-elect Donal Trump, marking a potential end to Federal Trade Commission Chair Lina Khan‘s aggressive oversight of Big Tech companies according to Wedbush Securities Managing Director Dan Ives.

What Happened: “We expect tech stocks to be strong with a Santa rally as the Street further digests a less regulatory spider web under Trump with Khan/FTC days in the rearview mirror, stronger AI initiatives on the way, and a goldilocks foundation for Big Tech and Tesla into 2025,” Ives wrote on X.

The forecast comes amid projections of unprecedented AI-related spending ...

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