The outlook for the so-called "Magnificent Seven" stocks now becomes even brighter due to the overall market euphoria of Donald Trump's second term, with a widely anticipated corporate tax reform and supposed rigidity towards unnecessary bureaucratic temptations to overregulate the AI industry. For anybody familiar with the subject, it was not a secret that the governing policies were inclined to meet complex challenges from rapidly developing technologies through the prism of growing restrictions and changing rules of the game, which were not fully transparent for businesses. Captains of the big tech industry would become much more influential in taking reasonable steps with a great promotion by Elon Musk as a high-ranked staffer in this new Republican team.

There is also much hope that Trump will put an end to harmful bids to break up Google over its dominance in online search. "If you do that, are you going to destroy the company? What you can do without breaking it up is make sure it's more fair," Trump said at an event in Chicago just several weeks ago. He could also get rid of regulatory hurdles from the wheels of potentially useful mergers and acquisitions like in the case of NVIDIA's intention to buy chip designer Arm Holdings. I guess you may have noticed a 15% spike in Tesla stock price amid Elon Musk's immense help for Trump's campaign, but I expect more gains above $300 per share because of Tesla's huge robotaxi projects. Yet, nearly 4% of market price gains were also performed by Google, Amazon and NVIDIA at the very first trading session when the election trail was still so hot. And now is the proper time to clarify the background under a clearly accelerated bullish race of Google and Amazon.

Google was on track to meet $200+ targets even without political support. However, the powerful DOJ (U.S. Department of Justice) has as many as two anti-monopoly cases against its parent Alphabet, one over search and another one over advertising technology, as well as pursuing a case against Apple. It tries to make Alphabet divest parts of its business such as Google Chrome Web browser and terminate the agreement, which makes it the default search engine on iPhones, as only one example. I feel the DOJ course can be changed in early 2025 under the pressure of new inhabitants of the White House, as this may allow U.S.-rooted giants to address competition problems against Chinese rivals which were already unlovely during the first presidential term of Trump.

The Federal Trade Commission is also suing Meta Platforms and Amazon. Coincidentally, a multibillionaire and Amazon's head Jeff Bezos hastily issued "big congratulations" to Trump via X platform on his "extraordinary political comeback", while wishing "all success in leading and uniting the America we all love" and saying that "no nation has bigger opportunities". The praise was probably sincere to follow the billionaire's previous decision to block The Washington Post, which he owns, from issuing a presidential endorsement. This ended the newspaper's practice when its publication previously endorsed candidates since the 1980s, consistently backing Democrats.

Anyway, Amazon's Q3 strong earnings release on the last night of October beat consensus forecasts by far, and so its shares already resumed the rally one week before election impact. Amazon posted its EPS (earnings per share) of $1.43 vs the average analyst estimates of $1.14. Sales in Amazon's cloud division, globally increased by 19% YoY. Total sales for the quarter marked an 11% increase YoY, with Amazon CEOs highlighting the holiday season with "biggest-ever Prime Big Deal Days" and the high pace of investment into generative AI capabilities for sellers and advertisers like its famous shopping assistant, Rufus, with the service to be expanded to more countries. But it was only yesterday, when Amazon stock eventually managed to reset its all-time highs well above $200, and I personally bet for the next target being located somewhere within a $240 to $260 range in nearest months. You know that I bought more Amazon for my stock portfolio at the end of July, and now I become even more optimistic to add more to my previous position in the e-commerce and cloud computing giant. And the latest news for Amazon on November 5 was that it just got approval by the U.S. Federal Aviation Administration for its newer and smaller delivery drone to fly. Now Amazon is going to ramp up deliveries, starting with a test city area of Phoenix, Arizona, but its Prime Air drone program has been slowly moving forward for more than 10 years. The new drone would reportedly "fly through light rain and have twice the range of earlier models".

Meanwhile, I am not so sure that Meta and Apple would get preferences under the new Republican administration, even though I have both stocks in my portfolio and keep higher targets for both of them, which I already described before.