Investors consider how changes in the CHIPS Act would affect the artificial intelligence (AI) trade ahead of the US presidential election between Vice President Kamala Harris and former President Donald Trump. Bokeh Capital Partners founder and CIO Kimberly Forrest joins Seana Smith and Madison Mills on Catalysts to discuss what to expect from potential changes in the CHIPS Act.

Forrest tells Yahoo Finance she doesn't expect the CHIPS Act to end under President Joe Biden's successor, but there will likely be changes. "I don't think it's going to end, but I do think the rules are probably going to be revised. I think the current administration put a lot of provisions in that may be slowing down the actual building of chip plants and chips. So I think if either one of them wins, they're going to have to look at that and see how quickly they want the CHIPS Act to actually affect the chips being produced in America."

She adds, "I'm somebody that really believes in the CHIPS Act because so much is created in Taiwan, and I don't think the normal investor, or even especially the normal consumer, doesn't realize where all of the electronics start, which is on the island of Taiwan that is very close to China. And China would really like to own that outright [and] drive what happens in Taiwan."

The strategist highlights Micron (MU), AMD (AMD), and Synopsys (SNPS) as her top AI picks.

To watch more expert insights and analysis on the latest market action, check out more Catalysts here.

This post was written by Naomi Buchanan.