On the left hand, AI stocks led by ASML plummeted, while on the right hand, U.S. domestic companies like Intel and IBM bucked the trend and rose. Why?

From Trump's explanation, it's clear that for businesses, compared to the Democratic Party's focus on using international policing and humanitarianism as a facade to create a pro-American global front environment, allowing U.S. tech giants to expand their global business empires beyond the domestic market; under Trump's policies, the emphasis is more on bringing jobs and manufacturing back to the U.S., adopting a 'I protect you, you pay me protection fees' business mindset in international relations.

If Trump comes to power, to some extent, it won't be good for global U.S. tech stocks that have benefited from the pro-American global front built by the U.S. government over the past few decades. However, for companies that have struggled with globalization in recent years and focus more on domestic U.S. capabilities, especially in manufacturing—such as Intel, which benefits from U.S. subsidies—it might actually be a positive development.