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July 3rd - According to CNBC, US President Trump stated on Thursday that AI investment is "larger" than the internet construction of the late 1990s, and total capital expenditure matches this assertion. Goldman Sachs estimated in 2025 that AI capital expenditure would need to reach $700 billion by 2026 to match the peak spending levels of the telecommunications construction boom in the late 1990s. The investment bank predicted in May that AI capital expenditure would reach $765 billion this year and is expected to grow to $1.6 trillion annually by 2031. Regarding chips, Trump stated that he predicts 40% to 60% of chip manufacturing will be located in the United States by the time he leaves office.US President Trump: Micron Technology (MU.O) is a "hot company" run by a "great person".US President Trump: I think Musk will donate SpaceX (SPCX.O) stock to the "Trump account".US President Trump: Venezuela has performed "better than ever" in terms of oil, and my policies have helped restore the countrys energy output.July 3 – According to CNBC, US President Donald Trump on Thursday refused to commit to signing a bipartisan housing bill—which had easily passed Congress more than a week earlier—and instead turned his attention to a controversial election bill, the so-called Protect America Act. Trump stated that he would not sign the housing bill until Congress presented it to him for his signature. "I think the Protect America Act is the most important bill we have right now, and for years to come," Trump said. The bill would require voters to show photo identification when voting and to provide proof of citizenship when registering to vote. Regarding the housing bill, Trump said, "There are a lot of provisions in it that the Democrats put forward, and I even think theyre not right, but thats okay. But Ive made my position clear: Id rather not sign any bill until I sign the Protect America Act."

Technical Analysis

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