Nvidia stock surged over 800% during Kamala Harris's tenure; potential positive impact if she becomes President.

From Nasdaq: 2024-10-05 06:07:00

Nvidia’s stock has surged over 800% during Kamala Harris’s tenure as Vice President, outperforming gains seen under Trump, Obama, and Bush. Harris’s proposed policies include tax cuts for workers, plans to lower food costs, and revitalizing the semiconductor industry. While higher corporate taxes could impact Nvidia, the company has managed low effective tax rates in recent years. Additionally, Harris’s plans to quadruple the tax rate on stock buybacks might influence how Nvidia allocates capital. However, overall, government policies are not the primary driver of Nvidia’s success – strong demand for GPUs is key. Investors should consider all factors before investing in Nvidia.



Read more at Nasdaq: Could Nvidia Stock Soar if Kamala Harris Becomes President?