NVIDIA Corporation (NASDAQ: NVDA) stock surged nearly 5% in pre-market trading on Thursday after CEO Jensen Huang addressed U.S. chip investment at a White House event.
During the event on Wednesday, Huang discussed the company’s recently unveiled $500 billion agreement to produce the most advanced AI chips in the United States with President Donald Trump. This marks the first instance such cutting-edge technology will be fully manufactured domestically. NVIDIA, known for reinventing computing, aims to harness artificial intelligence and robotics to build state-of-the-art manufacturing facilities on U.S. soil.
Huang underscored the importance of this technological advancement, noting that computer architecture has largely remained unchanged since the 1960s. He emphasized that the new NVIDIA processors, each weighing 70 pounds and comprising 60,000 components, represent a leap into the next generation of computing. The complexity of these chips necessitates the use of advanced robotics in their production and even requires a supercomputer for testing.
The NVIDIA CEO credited President Trump’s leadership and policies for helping accelerate the pace of manufacturing in the U.S., stating that modern manufacturing is driven by technology, rather than low-cost labor. Huang expressed appreciation for the Trump administration’s energy policies, which he believes are essential for the growth of new industries, particularly artificial intelligence.
Huang also emphasized that the support from the Trump administration is vital for nurturing the nascent AI sector, which he believes will transform industries like healthcare, financial services, and education. He stressed the importance of establishing the necessary infrastructure for AI development within the United States to foster innovation across these key sectors.
The collaboration between NVIDIA and the U.S. government marks a pivotal milestone for both the company and the broader tech industry, with the potential to reshape the future of artificial intelligence and manufacturing. The White House event served to highlight the ongoing partnership between the administration and NVIDIA, emphasizing their shared vision for the future of AI and U.S. industrial growth.
As of the latest update, NVIDIA (NASDAQ: NVDA) shares are up 4.85%, trading at $114.20.
Latest News on Nvidia (NVDA) Stock
Edward Cooke is a financial analyst, freelance writer, and editor. He has six years of experience in financial journalism. He has an in-depth understanding of equities markets, tracking major indices and providing real-time analysis on stock price movements, corporate earnings, and market sentiment. Read Full Bio
