Geopolitics Alpha

After the vote: Trump is paying the price inflation The stock market fears the AI bubble

Published . Updated .

Key takeaways

  • Stock markets were caught off guard.
  • Exposed: QQQ, AIQ, TIP, MSFT, GOOGL
  • Market reaction: price tracking starts with the next trading session.

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After the vote: Trump is paying the price inflation The stock market fears the AI bubble

Stock markets were caught off guard. The policy of tariffs and defence spending is in crisis. New opportunities for Italian investment in the US

Directly affected

  • No company is named in this report.

Indirectly affected

  • QQQ Invesco QQQ-9.8% 30d

    Invesco QQQ: it holds the big tech and AI names. Linked by “ai” (AI and big tech) in this story.

  • AIQ Global X Artificial Intelligence & Technology ETF-5.1% 14d

    Global X Artificial Intelligence & Technology ETF: it holds the big tech and AI names. Linked by “ai” (AI and big tech) in this story.

  • TIP iShares TIPS Bond ETF-0.4% 30d

    iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story.

  • XLI Industrial Select Sector SPDR-0.3% 30d

    Industrial Select Sector SPDR: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story.

  • EWI iShares MSCI Italy ETF-2.2% 6d

    iShares MSCI Italy ETF holds stocks listed in Italy, which this story is about (“italian”).

  • BWX SPDR Bloomberg International Treasury Bond ETF

    SPDR Bloomberg International Treasury Bond ETF holds government bonds outside the US, which react to inflation and interest-rate news like this one in Italy

  • EFA iShares MSCI EAFE ETF-0.7% 6d

    iShares MSCI EAFE ETF is a broad fund of developed-market stocks that includes Italy

  • MSFT Microsoft+4.1% 30d

    Microsoft (prepackaged software): big tech's AI spending and demand drive its shares. Linked by “ai” (AI and big tech) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
QQQ+3.80%+5.39%baseafter closeafter closeafter closeafter close
AIQ+3.81%+5.20%baseafter closeafter closeafter closeafter close
TIP+0.09%-0.20%baseafter closeafter closeafter closeafter close
XLI+4.34%+4.15%baseafter closeafter closeafter closeafter close
EWI-0.21%+3.89%baseafter closeafter closeafter closeafter close
BWX-0.16%+0.37%baseafter closeafter closeafter closeafter close
EFA+1.79%+3.78%baseafter closeafter closeafter closeafter close
MSFT-4.44%+4.80%baseafter closeafter closeafter closeafter close

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

After the vote: Trump is paying the price inflation The stock market fears the AI bubble la Repubblica

Source: la Repubblica

Price since this story was published: Invesco Qqq Trust, Series 1 (QQQ)

CompanyWhenMoveStatus
Global X Fds (AIQ)three days earlier+5.20%final price
Global X Fds (AIQ)five days earlier+3.81%final price
BWXthree days earlier+0.37%final price
BWXfive days earlier-0.16%final price
EFAthree days earlier+3.78%final price
EFAfive days earlier+1.79%final price
EWIthree days earlier+3.89%final price
EWIfive days earlier-0.21%final price
Microsoft (MSFT)three days earlier+4.80%final price
Microsoft (MSFT)five days earlier-4.44%final price
Invesco Qqq Trust, Series 1 (QQQ)three days earlier+5.39%final price
Invesco Qqq Trust, Series 1 (QQQ)five days earlier+3.80%final price
Ishares Tr (TIP)three days earlier-0.20%final price
Ishares Tr (TIP)five days earlier+0.09%final price
XLIthree days earlier+4.15%final price
XLIfive days earlier+4.34%final price

Congressional trades in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

Who gains and who loses around Invesco Qqq Trust, Series 1 (QQQ)

Companies carried with this story

  • QQQ Invesco Qqq Trust, Series 1

    In “After the vote: Trump is paying the price inflation The stock market fears the AI bubble,” Invesco Qqq Trust, Series 1 (QQQ) is linked, with no stored direction, medium confidence. Reason on file: Invesco QQQ: it holds the big tech and AI names. Linked by “ai” (AI and big tech) in this story

  • AIQ Global X Fds

    In “After the vote: Trump is paying the price inflation The stock market fears the AI bubble,” Global X Fds (AIQ) is linked, with no stored direction, medium confidence. Reason on file: Global X Artificial Intelligence & Technology ETF: it holds the big tech and AI names. Linked by “ai” (AI and big tech) in this story

  • TIP Ishares Tr

    Ishares Tr (TIP) is linked, with no stored direction, medium confidence in the 7 Nov 2026 story “After the vote: Trump is paying the price inflation The stock market fears the AI bubble.” Reason on file: iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story

  • MSFT Microsoft

    For “After the vote: Trump is paying the price inflation The stock market fears the AI bubble,” Microsoft (MSFT) is linked, with no stored direction, medium confidence. Reason on file: Microsoft (prepackaged software): big tech's AI spending and demand drive its shares. Linked by “ai” (AI and big tech) in this story

  • GOOGL Alphabet

    In “After the vote: Trump is paying the price inflation The stock market fears the AI bubble,” Alphabet (GOOGL) is linked, with no stored direction, medium confidence. Reason on file: Alphabet (computer programming, data processing, etc.): big tech's AI spending and demand drive its shares. Linked by “ai” (AI and big tech) in this story

  • AMZN Amazon Com

    In “After the vote: Trump is paying the price inflation The stock market fears the AI bubble,” Amazon Com (AMZN) is linked, with no stored direction, medium confidence. Reason on file: Amazon.com (catalog and mail-order houses): big tech's AI spending and demand drive its shares. Linked by “ai” (AI and big tech) in this story

  • META Meta Platforms

    For “After the vote: Trump is paying the price inflation The stock market fears the AI bubble,” Meta Platforms (META) is linked, with no stored direction, medium confidence. Reason on file: Meta Platforms (computer programming, data processing, etc.): big tech's AI spending and demand drive its shares. Linked by “ai” (AI and big tech) in this story

  • WMT Walmart

    For “After the vote: Trump is paying the price inflation The stock market fears the AI bubble,” Walmart (WMT) is linked, with no stored direction, medium confidence. Reason on file: Walmart (variety stores): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story

Invesco Qqq Trust, Series 1 (QQQ)

The 7 Nov 2026 story “After the vote: Trump is paying the price inflation The stock market fears the AI bubble” names Invesco Qqq Trust, Series 1 (QQQ) because of this story.

The link for Invesco Qqq Trust, Series 1 (QQQ) is this: Invesco QQQ: it holds the big tech and AI names. Linked by “ai” (AI and big tech) in this story

Also listed, Global X Fds (AIQ): Global X Artificial Intelligence & Technology ETF: it holds the big tech and AI names. Linked by “ai” (AI and big tech) in this story

The price range for Invesco Qqq Trust, Series 1 (QQQ), and the dates in the story

AIQ traded between 61.70 and 67.40 across 11 sessions. The latest close on file is 62.94. QQQ traded between 680.34 and 757.18 across 20 sessions. The latest close on file is 685.32. TIP traded between 103.77 and 105.61 across 18 sessions. The latest close on file is 105.27.

A simple score for Invesco Qqq Trust, Series 1 (QQQ)

46 out of 100

“After the vote: Trump is paying the price inflation The stock market fears the AI bubble” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.