Fund manager GraniteShares commentary: Khan Leaves the FTC: Smooth Sailing Ahead for Big Tech in 2025
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Will Rhind, Founder and CEO at GraniteShares
Trump’s appointment of Andrew Ferguson as the new chair of the FTC marks the end of a challenging period for U.S. big tech companies. Ferguson, a current Republican FTC member, is set to replace Lina Khan, bringing a less restrictive approach to antitrust policies. This shift paves the way for a significant acceleration in M&A activity within the tech sector.
Khan had pursued policies perceived as unfavourable to the big tech, particularly regarding AI regulation and stringent merger criteria. Her departure is seen as an opportunity for companies like Nvidia, Microsoft, Alphabet, Amazon, Tesla, Meta, and other players to strengthen their technological dominance and hence continue to lead the artificial intelligence revolution.
In addition, Elon Musk’s involvement in the Trump administration, heading the DOGE (Department of Government Efficiency), will surely further bolster the pro-technology agenda, benefiting innovation, the AI sector, and solidifying the position of the so-called “Magnificent 7”. The tech sector is thus gearing up to enter 2025 without significant obstacles to growth: it seems that big tech is sailing smoothly, with the market rally likely to continue into the coming year.
Source: ETFWorld.co.uk
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