MW Nvidia CEO Huang praised this Trump policy. And the stock is bouncing.

By Tomi Kilgore

Huang told the FT that Nvidia will lean on chips made in the U.S., as he praised the Trump administration for its AI policies

Nvidia Corp. Chief Executive Jensen Huang didn't exactly please Wall Street at the so-called "Super Bowl of AI." But now, he's giving President Donald Trump credit for his company's new possible opportunities.

One thing Huang tried to impart to investors was that Nvidia was no longer just a maker of artificial-intelligence semiconductors. It has become more of a "foundational" data-center infrastructure company.

The stock $(NVDA)$ climbed 0.9% in morning trading Thursday, reversing an earlier loss of as much as 0.9%. It is now trading about 0.2% above where it was when the GTC Conference kicked off at 1 p.m. Eastern on Tuesday.

Still, the shares have slumped 11.7% year to date, while the PHLX Semiconductor Index SOX has shed 7.4% and the S&P 500 index SPX has slipped 3.7%.

Don't miss: Nvidia's stock nears a 'death cross.' Should investors be worried?

In an interview with the Financial Times, Huang said having the support of the Trump administration - which he said cares about the success of the artificial-intelligence industry and will not allow energy to be an obstacle - is a "phenomenal result" for AI in the U.S.

One of Trump's first moves after his inauguration was to sign an executive order to remove some "unnecessarily burdensome requirements" put in place by the previous administration for companies developing and deploying AI.

Related: Oracle, Nvidia and other Big Tech stocks jump as Trump rolls out Stargate AI initiative.

Another key policy objective of the Trump administration is to move manufacturing back to the U.S., and or companies to buy products made in America.

Nvidia's Huang is happy to please.

He told the FT that with the infrastructure now in place in the U.S., following investments made by chip makers such as Taiwan Semiconductor Manufacturing Co. Ltd. $(TSM)$, he can easily see Nvidia manufacturing "several hundred billion" worth of chips and electronics in the U.S. over the next four years.

His comments came weeks after Trump said Taiwan Semi, which also makes chips for Apple Inc. $(AAPL)$ and Intel Corp. $(INTC)$, plans to invest $100 billion in the U.S. That's on top of the previously announced $65 billion investment, with the company already building chip-making factories after the Biden administration offered billions in subsidies.

And in February, Apple said it plans to invest $500 billion over the next four years to boost tech manufacturing in the U.S.

That investment would be on top of the $500 billion that Trump's Stargate AI initiative will spend on AI infrastructure in the U.S. The initiative calls on OpenAI, Japan-based SoftBank Group Corp. $(SFTBY)$ (JP:9984) and Oracle Corp. $(ORCL)$ to create a joint venture to focus on data centers and other projects.

-Tomi Kilgore

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March 20, 2025 09:56 ET (13:56 GMT)

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