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Nvidia CEO meets with Trump as administration weighs new limits on chip exports to China

Daniel Nenni

Daniel Nenni

Admin
Staff member
The chief executive of Nvidia, a leading manufacturer of computer chips used by Artificial Intelligence companies, is meeting with President Donald Trump as his administration weighs whether to expand limits on shipping advanced chips to China.

The meeting comes during a week when the Chinese startup DeepSeek threw the AI industry into upheaval and sent Nvidia's stock price plummeting.

Nvidia CEO Jensen Huang was scheduled to meet with Trump at the White House Friday at 2:30 p.m., according to White House spokeswoman Karoline Leavitt. Leavitt said she didn't have details on the "private meeting." A Nvidia spokesperson declined to comment.

Reuters reported that Trump’s administration is in the early stages of discussing new restrictions on selling AI chips to China, citing three unnamed sources.

Nvidia's advanced computer chips have been in high demand for AI development, making the California company one of the tech industry's biggest success stories in recent years.

DeepSeek claims to have developed an AI model much more cheaply than leading companies in the industry. That has spooked AI investors. Stock prices dropped this week for several American companies heavily invested in AI computing power.

President of Nvidia Jensen Huang on the field before the game between the Oakland Athletics and Houston Astros at Oakland-Alameda County Coliseum on May 25, 2024.


If DeepSeek proves AI can be developed with less investment, it could mean less demand for Nvidia's chips. It also would heighten concerns that China is catching up with the United States in the AI race.

Curbing the availability of Nvidia chips in China could slow the country's AI advances. Former President Joe Biden put restrictions on sending AI chips to China. Nvidia still is able to sell its H20 chip in China. The Trump administration is considering restricting that chip.

 
There are early investigations into the deepseek showing the whole story was most likely very overblown and indeed the hardware demand is more than justified for these advanced models.
 
Jumper said:
There are early investigations into the deepseek showing the whole story was most likely very overblown and indeed the hardware demand is more than justified for these advanced models.
Click to expand...

I would like to know who shorted Nvidia prior to the DeepSeek splash? Do we still have an SEC? :ROFLMAO:

Hopefully Jensen becomes one of Trumps inner circle. It would be great for semiconductors and Taiwan!
 
Daniel Nenni said:
I would like to know who shorted Nvidia prior to the DeepSeek splash? Do we still have an SEC? :ROFLMAO:

Hopefully Jensen becomes one of Trumps inner circle. It would be great for semiconductors and Taiwan!
Click to expand...
I think market makers benefited the most from the information asymmetry. Then, there are large funds shifting their positions. I don't think China was involved—if they were, there would likely be reports on it by now. They probably did not anticipate such a global impact, especially from a small company.

Another important point is that this development comes from a small company, not from Alibaba, Baidu, or Tencent. It has led people to think about infrastructure spending, Stargate, and related topics.
 
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