
'A Major Win for Big Tech,' Wedbush Analyst Daniel Ives Says of Trump's AI Executive Order

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Wedbush analyst Daniel Ives views Trump's AI executive order as a major win for big tech companies like OpenAI, Microsoft, Alphabet, Meta, and Anthropic. The order aims to block state AI laws, promoting a unified national framework to enhance U.S. leadership in AI. Ives believes this move removes regulatory barriers, aiding U.S. competitiveness against China. The order faces criticism from states concerned about losing their ability to protect residents. Ives has a Buy rating on most of these companies, expecting significant share price appreciation.
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