Technology companies have been a driving force behind the U.S. stock market’s recent record rally, and despite mounting evidence of stretched valuations the sector remains a top pick for investors expecting a wave of capital expenditures by U.S. corporations.
Trump has tried to take credit for working with Tech leaders but they’ve repeatedly left his business forums and have openly opposed Trump in several industries. In fact before the election Trump was known for squabbling with Tech CEOs over future economic directions.
It’s worth keeping in mind Trump is a proponent of fossil fuels and has given cabinet positions to Exxon Mobile employees despite many feeling that his embracing of oil companies will lead to economic regression.
This week, more than 2,000 Google employees walked out of work to protest President Trump’s immigration ban. Far from disciplining them for leaving their desks, CEO Sundar Pichai and co-founder Sergey Brin treated workers to impassioned speeches of support.
“Proud, moved, and touched to be at a company that boldly stands for its people,” Googler Sam Tse tweeted. The hashtag #GooglersUnite trended.