Big Tech Traders Are in Wait-and-See Mode on Trump’s Second Term
- Investors are parsing tariff risks and deregulation push
- Apple, Meta have underperformed since the election result
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Big Tech stocks have had a relatively muted reaction to Donald Trump’s election victory as investors parse how his second term might play out. So far, many are reserving judgment.
There’s a multitude of new risks to consider. Tariffs on products from China and elsewhere could lead to a resurgence of inflation or disrupt supply chains for the likes of Apple Inc., while anti-immigration policies could potentially disrupt companies that use skilled worker visas. Trump’s personal dislike of Meta Platforms Inc. and Alphabet Inc. is also something investors in those stocks are worried about.