"According to Morningstar, the company's AI basket of 34 stocks, which includes Amazon, Cisco, and Apple, saw a 50.8% in share value in 2025, while the overall stock market gained 17.3% and the broader tech sector rose 21.4%, based on the Morningstar US Market Index. Within the first month of his presidency, Trump announced a $500 billion AI infrastructure project called Stargate, to be led by OpenAI, Oracle, and SoftBank, which he said would be "the largest AI infrastructure project in history.""
"Last year began with a lineup of billionaires at Trump's inauguration, all of whom soon saw their net worth diminish after Trump enacted sweeping tariffs aimed at reshoring manufacturing jobs. Their fortunes soon rebounded, and Trump has been a booster of the tech industry, which continued to grow in 2025. Businesses were also often caught in Trump's crosshairs, including Intel, Amazon, and Walmart."
President Donald Trump's first year of his second term produced mixed results for businesses. A Morningstar AI basket of 34 stocks rose 50.8% in 2025, outpacing the overall market and the broader tech sector. Trump announced a $500 billion AI infrastructure project called Stargate to be led by OpenAI, Oracle, and SoftBank, and rescinded a Biden executive order that established a federal AI safety framework. The United States allowed Nvidia to sell H200 chips to China with a government profit-sharing condition. Tariffs aimed at reshoring manufacturing briefly reduced several billionaires' net worths, hurt retail, and left manufacturing below expectations.
Read at Business Insider
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