Defense Stocks Surge After Trump Calls For $1.5 Trillion Defense Budget

These watchlist stocks are beating the market toward new highs.

Nvidia, AMD, Broadcom, Micron, and TSMC are all set to be huge beneficiaries of the continued AI infrastructure build-out. Alphabet and Meta Platforms have both done a great job of applying AI to their core businesses to drive growth.

Uber and Disney pointed to a remarkably resilient spending backdrop, with consumers continuing to shell out for rides, food delivery, vacations and theme park trips. “The consumers are spending, they’re spending locally, and we don’t see any signs of that weakening at this point,” CEO Dara Khosrowshahi said.