Key ally of former President Donald Trump suggested cutting $2 trillion in federal spending during a potential second Trump Administration, prompting concerns about popular “Trump trades” profitability. Investors may want to consider taking profits as a result of this proposal, which could impact various sectors and industries. The ally’s statement has raised questions about the potential economic implications of such significant budget cuts.
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AI Is on Sale: 2 Stocks Worth Buying Before the Next Surge
Artificial intelligence (AI) is expected to significantly boost the global economy, potentially contributing nearly $20 trillion to GDP by the decade's end, prompting substantial investment in AI stocks like Nvidia, Broadcom, Palantir, and Snowflake. For those who missed earlier gains, Meta Platforms and Lam Research present attractive investment opportunities as they leverage the AI surge while trading at appealing multiples. Want More Context? 🔎
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