The article discusses the surge in small-cap stocks, particularly those related to artificial intelligence (AI), following Donald Trump’s announcement of his 2024 presidential bid. The Russell 2000 index, which tracks small-cap companies, hit a record high, driven by a rally in AI-related stocks. The article highlights the potential impact of Trump’s policies on the AI industry, with investors betting on increased government spending and support for AI development under a potential Trump administration. Key points include: 1) The Russell 2000 index reached an all-time high, outperforming larger indices like the S&P 500. 2) AI stocks, such as C3.ai and BigBear.ai, experienced significant gains, reflecting investor optimism about the AI sector’s growth prospects. 3) Trump’s campaign promises, including a focus on AI and technology, fueled speculation about favorable policies for the industry. 4) The rally in small-cap and AI stocks suggests investor confidence in the potential for these companies to benefit from a Trump presidency.