From CNBC: 2025-03-19 10:51:11

Nvidia CEO Jensen Huang remains optimistic about the impact of Trump’s tariffs, stating that the short-term damage won’t be significant. The company is focused on building AI in America and partnering to bring manufacturing to the U.S. despite the ongoing trade war.

Trump’s tariffs have caused Nvidia’s shares to drop over 20% from their record high in January. The company faced concerns about Chinese AI lab DeepSeek potentially offering better AI performance at lower costs. Huang refuted these claims, stating that the next generation AI will require more chips.

Nvidia, known for its graphics processing units essential to the AI industry, has been affected by export controls in China. Huang reported a significant drop in revenue from China due to these restrictions, as well as competitive pressures from companies like Huawei.

Read more: Nvidia CEO Jensen Huang says tariff impact won’t be meaningful in the near term