Tim Cook, Mark Zuckerberg, And Jeff Bezos Congratulate Trump: What's Next For The Tech Giants?

Following President-elect Donald Trump’s victory, top tech executives have congratulated him and expressed their willingness to work with his administration.

What Happened: On Wednesday, Tesla Inc. (NASDAQ:TSLA), SpaceX, and Neuralink CEO Elon Musk, a key ally to Trump during his campaign, unsurprisingly congratulated the President-elect.

Trump has previously spoken about creating a position for Tesla CEO in a “department of government efficiency” to reduce the federal workforce.

Following the victory, Tesla shares surged over 14%, with investors hopeful that a Trump presidency would benefit the company.

Other tech behemoths such as Amazon.com, Inc. (NASDAQ:AMZN) founder Jeff Bezos, Apple Inc. (NASDAQ:AAPL) CEO Tim Cook, Alphabet Inc.’s (NASDAQ:GOOG) (NASDAQ:GOOGL) boss Sundar Pichai, Meta Platforms, Inc. (NASDAQ:META) CEO Mark Zuckerberg congratulated Trump.

Bezos praised Trump’s win as an “extraordinary political comeback and decisive victory.” Before Election Day, Bezos and The Washington Post sparked controversy by withholding an endorsement for the first time in decades. Bezos defended the decision in an op-ed, citing concerns over “perception of bias.”

See Also: ‘AI Haves Vs. Have-Nots’: Palantir’s Ryan Taylor Outlines Company’s Winning Strategy

Apple CEO and Google boss also congratulated Trump, expressing their eagerness to engage with the new administration.

OpenAI CEO Sam Altman and Microsoft Corporation (NASDAQ:MSFT) CEO Satya Nadella also took to X, formerly Twitter, to congratulate the President-elect. In the follow-up post, Altman also stressed the importance of the U.S. maintaining its leadership in AI development while upholding democratic values.

Zuckerberg also took to Threads, and acknowledged Trump’s “decisive victory.” He also expressed optimism about future opportunities.

Earlier in September, Trump said Zuckerberg told him during a call after the July assassination attempt that he will not vote for a Democrat in this election. However, a Meta spokesperson denied this, stating that Zuckerberg has not endorsed either Trump or Kamala Harris.

Others including Intel Corp. (NASDAQ:INTC) CEO Pet Gelsinger, IBM (NYSE:IBM) CEO Arvind Krishna, Cisco Systems (NASDAQ:CSCO) CEO Chuck Robbins, Uber Technologies (NYSE:UBER) CEO Dara Khosrowshahi, and Box Inc. (NYSE:BOX) CEO Aaron Levie, also extended their congratulations to Trump.

On the other hand, LinkedIn co-founder Reid Hoffman, a prominent supporter of Vice President Harris' campaign, while acknowledging Trump’s win, urged Americans to unite.

“I—and many others—raised alarms about the anti-democratic actions Donald Trump took during his first Presidency, and has promised to take this next time,” he said in a post on X, adding that Trump's supporters assured him that such behavior wouldn't continue.

Why It Matters: Previously, it was reported that technology investors are concerned that Trump’s presidency could lead to higher tariffs, straining U.S.-China relations and disrupting the tech supply chain.

Companies like Nvidia Corporation (NASDAQ:NVDA), Apple, and Tesla may face retaliation from China. Analysts also fear that the President-elect’s administration could slow the AI revolution.

GOP sweep of the White House and Congress could boost the stock market but negatively impact Big Tech, the analysts have stated.

Trump’s presidency could also hurt the broader EV market due to the loss of tax incentives. However, Tesla's size and position could provide an edge, as higher tariffs could limit competition from Chinese companies like BYD and Nio.

During Trump's first term, many tech leaders openly opposed him, resigning from advisory councils and challenging his policies.

However, they faced consequences, including Amazon's claim that it lost a $10 billion Pentagon contract due to Trump's alleged personal vendetta against Bezos, reported the New York Times.

This time, tech leaders are taking a different approach. Some, like Zuckerberg, who Trump threatened to put in jail, began aligning with the President-elect before the election. Former critics, including Bezos, have refrained from public criticism, the report noted.

Read Next:

• Jeff Bezos-Backed Perplexity’s New AI Election Hub Promises Real-Time Vote Counts And Candidate Summaries — But What About Its Accuracy?

Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.