President Donald Trump has identified several key sectors that he says are directly benefiting from his administration’s economic policies, which are centered on tariffs and a push for domestic manufacturing.

In an interview with CBS‘s Norah O’Donnell, the president said the “stock market just hit… an all-time high.” Here are five sectors and companies he suggested are poised for growth under his agenda.

U.S. Semiconductor Industry

A primary focus of the interview was “chips.” Trump claimed his tariffs are forcing “the biggest companies” to move manufacturing from Taiwan to the U.S., with a goal of capturing “40% or 50% of the chip market” within two years.

He identified Nvidia Corp. (NASDAQ:NVDA) as “the prime company in the world for that” and also referenced Intel Corp. (NASDAQ:INTC), stating he would not allow Nvidia to sell its “most advanced” chips to China.

U.S. Auto Industry

“We’re bringing back the auto industry into our country,” Trump stated, claiming the U.S. had ...