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Post Market Movers: Trump's Inauguration Fund Reaches Record $170M; Big Tech Companies Among Donors
By KlickAnalytics Data Insights | January 10, 2025 08:09PM ET
Key Points
- Trump's inauguration fund hits a record $170 million, surpassing previous amounts for Biden and Trump's first inauguration
- Donations come from major names in technology, aviation, and automotive
- Nvidia CEO comments on the potential of quantum computing
- Best mutual funds invest in Apple, Google, and a Tesla rival for 2025
- S&P 500 saw significant gains in 2024, with AI, Quantum Computing, and RoboTaxis technologies in focus
President-elect Donald Trump's inauguration fund has broken records by raising $170 million, which is more than double the funds raised for Joe Biden's inauguration in 2021 and Trump's first inauguration in 2016. This impressive amount includes contributions from big players in the technology, aviation, and automotive industries who are seeking support from the incoming administration.
Nvidia CEO Jensen Huang recently shared his thoughts on the future of quantum computing, an innovative technology that is gaining momentum and could potentially outshine artificial intelligence (AI) in terms of advancement and significance. This suggests that companies investing in quantum computing may be positioned for success in the long run.
In a notable move, top mutual funds are placing their bets on stocks such as Apple, Google, and a Tesla competitor as they kick off the year 2025. This return to Apple stock as a favored investment option highlights the confidence in the company's prospects, along with other AI-driven names in the market.
The S&P 500 index saw substantial growth of 23.3% in 2024, marking a trend of back-to-back years with gains exceeding 20% for the first time since the 1990s. This positive performance has drawn attention to sectors like Artificial Intelligence (AI), Quantum Computing, and RoboTaxis, indicating a growing interest in innovative technologies shaping the market.
As the world witnesses significant advancements in technology, the focus remains on groundbreaking developments such as artificial intelligence, quantum computing, and autonomous vehicles. Companies and investors alike are exploring opportunities in these areas, with the potential for substantial growth and transformation in the market landscape.
About GOOGL
Alphabet Inc. provides various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment offers products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube. It is also involved in the sale of apps and in-app purchases and digital content in the Google Play store; and Fitbit wearable devices, Google Nest home products, Pixel phones, and other devices, as well as in the provision of YouTube non-advertising services. The Google Cloud segment offers infrastructure, platform, and other services; Google Workspace that include cloud-based collaboration tools for enterprises, such as Gmail, Docs, Drive, Calendar, and Meet; and other services for enterprise customers. The Other Bets segment sells health technology and internet services. The company was founded in 1998 and is headquartered in Mountain View, California.For more information:
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