Trump's 'AI Action Plan' is about to be unveiled! Who is expected to become the biggest winner?

The U.S. 'AI Action Plan' is expected to be unveiled this week.

On July 23, Trump will deliver a speech at an event titled 'Winning the AI Race.' The market widely expects that this speech will provide a comprehensive overview of the upcoming AI Action Plan by the Trump administration.

This action plan, initiated by an executive order signed by Trump in the early days of his presidency in January, is now in its final stages of completion. Notably, the White House is also considering designating July 23 as 'AI Action Day.'

According to reports, the plan focuses on promoting key technology exports and accelerating data center construction, reflecting a policy direction of 'supporting AI growth' and 'light regulation,' aimed at ensuring the U.S. maintains its lead in the global AI race.

These actions are a crucial step in shaping the U.S. government's AI policy agenda, directly impacting multiple industries such as Technology, semiconductors, and energy. The following sections will detail the AI Action Plan and the industries that are expected to benefit from it.

What is the 'AI Action Plan'?

According to Wall Street News, the most market-anticipated measures in the 'AI Action Plan' include an executive order aimed at promoting the export of U.S. chips and AI tools. Additionally, the plan will focus on significantly simplifying the approval process for data center construction and facilitating energy supply for these high-energy-consuming facilities to meet the explosive demand for computing infrastructure in the AI industry. Specifically:

Focus on AI Exports

The upcoming executive order will clearly instruct U.S. government agencies to use organizations such as the U.S. Export-Import Bank to promote the export of American-made semiconductors and AI tools. Sources familiar with the matter said that the strategic goal is to ensure that countries friendly to the United States can run AI systems based on U.S. technology.

Accelerate Data Center Approval

The Trump administration's action plan is expected to expedite the permitting process for data center construction. In addition to streamlining approvals, the plan will also focus on providing adequate energy support for these data centers.

"Light-touch" Regulatory Framework to Avoid Industry Controversies

Media reports indicate that this 20-page action plan largely conveys a "hands-off" and "pro-growth" policy signal.

Additionally, the White House is preparing to issue an executive order targeting "Woke AI," which is expected to require AI companies with federal contracts to maintain political neutrality.

Victoria LaCivita, a spokesperson for the White House Office of Science and Technology Policy, stated: "The action plan will provide a strong, specific, and actionable roadmap for federal policy," and added, "We look forward to releasing it soon."

Which Companies Are Likely to Benefit?

Last week, reports indicated that Trump would announce a $70 billion investment aimed at accelerating AI and energy deployment.

Morgan Stanley predicts that global data center spending will reach approximately $29 trillion by 2028, with about $16 trillion allocated to hardware (such as chips and servers), and another $13 trillion for the construction of data center infrastructure, including real estate, construction costs, and maintenance expenses.

Blackrock forecasts that capital expenditures will continue to grow, driven by trends such as energy transition and the AI race. By 2030, annual capital expenditures in the energy and AI-related sectors are expected to reach $3.52 trillion and $600 billion, respectively.

These trends are interrelated; for example, the significant power demand of AI intersects with energy production and grid capacity constraints, tightly linking technology and energy transformation.

Previously$70 Billion Bet on AI and Energy! In the Trump 2.0 Era, These Areas Become the Focus of DeploymentIt is also indicated that data centers, power infrastructure, and AI chip and software service providers may benefit from this wave of AI.

Data Center Industry Chain

In terms of chips, investors can focus on $NVIDIA(NVDA.US)$ 、 $Broadcom(AVGO.US)$ 、 $Marvell Technology(MRVL.US)$ 、 $Intel(INTC.US)$ 、 $Micron Technology(MU.US)$ 、 $Advanced Micro Devices(AMD.US)$ and chip giants.

In terms of IT infrastructure, focus on servers. $Dell Technologies(DELL.US)$ 、 $Super Micro Computer(SMCI.US)$ 、 $Hewlett Packard Enterprise(HPE.US)$ ; Network $Cisco(CSCO.US)$ 、 $Arista Networks(ANET.US)$ ; Storage $Pure Storage(PSTG.US)$ 、 $NetApp(NTAP.US)$ .

In terms of data centers, the focus is on $Microsoft(MSFT.US)$ 、 $Alphabet-A(GOOGL.US)$ 、 $Amazon(AMZN.US)$ 、 $Meta Platforms(META.US)$ 、 $Oracle(ORCL.US)$ 、 $CoreWeave(CRWV.US)$ 。

Data center developers and operators need to pay attention to $Digital Realty Trust Inc(DLR.US)$ 、 $Equinix Inc(EQIX.US)$ 、 $DigitalBridge Group(DBRG.US)$ 。

Ultra-large enterprises include $Microsoft(MSFT.US)$ 、 $Amazon(AMZN.US)$ 、 $Alphabet-A(GOOGL.US)$ 、 $Oracle(ORCL.US)$ ;

AI cloud services can focus on NVIDIA's computing power trio $CoreWeave(CRWV.US)$ 、 $NEBIUS(NBIS.US)$ 、 $Applied Digital(APLD.US)$ ；

Moreover, electrical equipment $Eaton(ETN.US)$ 、 $GE Vernova(GEV.US)$ and liquid cooling service providers $Vertiv Holdings(VRT.US)$ 。

power infrastructure

It is noteworthy that Trump and other government officials have also emphasized the importance of meeting another priority for the technology sector: ensuring that the United States has sufficient power to run the energy-intensive AI data centers.

Therefore, energy has become an indispensable part of the data center, such as $GE Vernova(GEV.US)$ 、 $First Solar(FSLR.US)$ 、 $Enphase Energy(ENPH.US)$ 、 $NextEra Energy(NEE.US)$ in the Oil & Gas sector $Exxon Mobil(XOM.US)$ 、 $Chevron(CVX.US)$ and in the nuclear power stocks $NuScale Power(SMR.US)$ 、 $Oklo Inc(OKLO.US)$ 、 $NANO Nuclear Energy(NNE.US)$ 、 $BWX Technologies(BWXT.US)$ 。

Specifically, the rapid development of AI is making data centers major consumers of energy. Their electricity demand growth has already outpaced that of electric vehicles, hydrogen, and other XINXINGCHANYE. It is projected that by 2035, data centers will account for 8.6% of total U.S. electricity demand, more than double the current 3.5%.

Bloomberg New Energy Finance (BNEF) predicts that by 2035, the electricity demand from U.S. data centers will more than double, increasing from nearly 35 GW in 2024 to 78 GW. The actual energy consumption growth will be even more significant, with the average hourly electricity demand expected to nearly triple, rising from 16 GWh in 2024 to 49 GWh in 2035.

The general consensus on Wall Street is that the ideal alternative energy source is nuclear power, as it provides stable, pollution-free electricity and reduces overall decarbonization costs by limiting grid investments and battery storage needs required to transmit and stabilize solar and wind energy supplies. As a result, nuclear power stocks are expected to see a strong rally.

Previously, Trump announced a new nuclear power policy: planning to start the construction of 10 large nuclear power plants by 2030 and quadruple the U.S. nuclear power capacity by 2050. This news also stimulated significant gains in some nuclear power concept stocks.

According to Guosheng Securities Research Reports, the SMR nuclear power Industry Chain covers all aspects from upstream fuel uranium mining, midstream research and construction, to downstream operation and waste management.

Upstream: Raw Materials and Processing

The upstream industry chain mainly involves the supply of basic raw materials, key equipment, and nuclear fuel required for nuclear energy development, primarily including uranium mining and uranium enrichment.

Specifically, uranium mining includes $Cameco(CCJ.US)$ 、 $Uranium Energy(UEC.US)$ 、 $Energy Fuels(UUUU.US)$ 、 $Denison Mines(DNN.US)$ 、 $NexGen Energy(NXE.US)$ Nuclear fuel processing $Centrus Energy(LEU.US)$ $ 。

Midstream: Design, R&D, and Construction

The midstream includes design, R&D, and construction. Among these,

$NuScale Power(SMR.US)$ is the first listed SMR nuclear power company, with its core product being the SMR power module.

$Oklo Inc(OKLO.US)$ The company focuses on developing small modular reactors (SMRs) and has received investment from Sam Altman, the 'father of ChatGPT.'

$NANO Nuclear Energy(NNE.US)$ The company is dedicated to the development of small modular reactors, with its main business covering four areas related to SMRs, including manufacturing, fuel, transportation, and more, aiming to build a diversified and vertically integrated industry chain.

$BWX Technologies(BWXT.US)$ The company specializes in the manufacture of nuclear reactor components and nuclear energy technology. The main difference from SMR/OKLO is that BWXT is a major supplier of large equipment and technical services, primarily providing nuclear reactor components, nuclear fuel, and defense-related nuclear technology to government and commercial sectors, with clients including the U.S. government (such as supplying nuclear reactors for naval submarines).

Downstream: Operation, Sales, and Waste Management

The downstream sector mainly involves the operation and energy supply of nuclear power plants, with participants including $Constellation Energy(CEG.US)$ 、 $Vistra Energy(VST.US)$ 、 $American Electric Power(AEP.US)$ 、 $Southern(SO.US)$ 、 $Exelon(EXC.US)$ 、 $Duke Energy(DUK.US)$ 、 $Entergy(ETR.US)$ 、 $Public Service Enterprise Group(PEG.US)$ .

In addition, electrical equipment includes $GE Vernova(GEV.US)$ 、 $Eaton(ETN.US)$ 、 $Honeywell(HON.US)$ 、 $Emerson Electric(EMR.US)$ 、 $Graham(GHM.US)$ .

Goldman Sachs' latest Research Reports on the nuclear energy Industry indicate that the global uranium market is heading towards an era of structural shortage. This trend will accelerate starting in 2025, with a global uranium deficit reaching 130 million pounds by 2040. Meanwhile, the demand for nuclear power is surging in the AI era, leading to a full-scale boom in global nuclear power installations.

The analysis points out that the imbalance between uranium supply and demand, the surge in nuclear power demand, and other electrification trends will collectively drive the investment value of the nuclear energy Industry Chain. Zerohedge states that the nuclear power theme will consistently outperform the market in the 2030s and is likely to continue into the 2040s.

AI software

By 2025, investors will shift from AI infrastructure to broader 'third stage' AI application promotion and monetization.

This includes AI + data analytics $Palantir(PLTR.US)$ 、 $Cellebrite(CLBT.US)$ 、 $Elastic(ESTC.US)$ ；

AI + Cloud Services $ServiceNow(NOW.US)$ 、 $CommVault Systems(CVLT.US)$ 、 $Datadog(DDOG.US)$ 、 $Cloudflare(NET.US)$ 、 $Snowflake(SNOW.US)$ 、 $MongoDB(MDB.US)$ 、 $Confluent(CFLT.US)$ 、 $Gitlab(GTLB.US)$ 、 $Fastly(FSLY.US)$ ；

AI + Digital Advertising and Marketing $Applovin(APP.US)$ 、 $The Trade Desk(TTD.US)$ 、 $Digital Turbine(APPS.US)$ 、 $Klaviyo(KVYO.US)$ 、 $Zeta Global(ZETA.US)$ 、 $Braze(BRZE.US)$ 、 $Adobe(ADBE.US)$ 、 $Twilio(TWLO.US)$ 、 $Life360(LIF.US)$ ；

AI + Corporate Solutions $Doximity(DOCS.US)$ 、 $Workday(WDAY.US)$ 、 $Automatic Data Processing(ADP.US)$ 、 $Zoom Communications(ZM.US)$ 、 $SAP SE(SAP.US)$ ；

AI + Project Management $monday.com(MNDY.US)$ 、 $Atlassian(TEAM.US)$ 、 Asana (ASAN.US) ；

AI + Sales and Marketing Platform $HubSpot(HUBS.US)$ 、 $Salesforce(CRM.US)$ ；

AI + IoT $Samsara(IOT.US)$ AI + Online Education $Duolingo(DUOL.US)$ 。

Overall, the Trump 2.0 era reflects a strong trust in the private sector, a deep understanding of energy constraints, and strategic political positioning.