I think it's really hard to say. Probably good overall, but :
Pros:
- Policies should lower energy costs (= datacenter, manufacturing benefits); caveat - cheap fuels won't last forever
- Favorable tax positions and less government overhead to slow down tech
- Emphasis on future tech (AI investment), and honing of CHIPS act (= signals "go" for tech)
- **Less government oversight (no Disinformation Governance Board, etc.) (= allow tech companies to operate with less checks and balances);
- Don't see him choosing China over Taiwan
Mixed:
- Immigration stances (= harder to source qualified labor, but investment in existing sectors)
- He has 'turned off' his (tech) advocates before -- the commerce board that he started in 2016 was a good idea but they all left him. Hopefully he's learned here.
Cons:
- A different type of cronyism than the past (= like past administrations, there will be winners and losers)
- Ending globalization means less places to partner with, potential reduction in overall capital available
- Some COGs will increase due to overseas labor pool being tariff'd
- Remains to be seen if he'll ACTUALLY lower government spending; his first administration was more pro-spend in nature
- For a portion of the tech sector (EVs, Batteries, Solar, etc.) he favors going backwards; Pollution is still a long term drag on the economy (can expand on this if desired)
**caveat - this adds other risks especially consumer ones too, but should help the tech sector short term achieve financial goals