Impact of Donald Trump's 2024 Election Result on Artificial Intelligence Stock Returns and Global Sustainability

The events and announcements many a times appear to have no financial implications for the firms however, it has been found to have impact on their stock prices, hence returns. In this context, this study examines whether the recent victory of Donald Trump has any impact on the returns of select Artificial Intelligence stocks and their broader implications for global sustainability. An event study approach has been employed to examine stock market response during the specified event window so as to evaluate the impact of political changes on investor behavior. The findings suggest an immediate effect of the election with negligible long-term potential benefits to the AI industry in promoting sustainable global growth. Based on the findings the convergence of political events, financial markets, and sustainability within a changing environment for investments is recommended.