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Stock impact report

US Election 2024: Silicon Valley turns towards Trump [Yahoo! Finance]

Palantir Technologies Inc. Class A (PLTR) 
Company Research Source: Yahoo! Finance
after one of the most highly anticipated elections in US history. And with everything to play for, Silicon Valley Democrats turning their support towards presidential candidate Trump may have a profound impact on the election outcome. Christopher Granville, managing director of global political research at macroeconomic forecasting consultancy, TS Lombard, describes the US election result as residing “on a knife edge,” a level of uncertainty which may not necessarily be resolved on election day. A close result has the potential to cause legal warfare, political destabilisation, and civil unrest. For businesses, Granville says that it will be critical to adapt and be prepared for this new set of circumstances. Election disruption could see businesses become collateral damage, and picking sides is futile amid a wider business environment of uncertainty. As Democrats make efforts to gain ground on the Republican party's reputation for being pro-business, Silicon Valley appears to be Show less Read more
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