Capital Adept
  • Politics
  • Investing
  • Stocks
  • Business
  • Politics
  • Investing
  • Stocks
  • Business

Capital Adept

Business

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

by admin March 20, 2025
March 20, 2025
Nvidia CEO Jensen Huang says tariff impact won’t be meaningful in the near term

Nvidia CEO Jensen Huang downplayed the negative impact from President Donald Trump’s tariffs, saying there won’t be any significant damage in the short run.

“We’ve got a lot of AI to build … AI is the foundation, the operating system of every industry going forward. … We are enthusiastic about building in America,” Huang said Wednesday in a CNBC “Squawk on the Street” interview. “Partners are working with us to bring manufacturing here. In the near term, the impact of tariffs won’t be meaningful.”

Trump has launched a new trade war by imposing tariffs against Washington’s three biggest trading partners, drawing immediate responses from Mexico, Canada and China. Recently, Trump said he would not change his mind about enacting sweeping “reciprocal tariffs” on other countries that put up trade barriers to U.S. goods. The White House said those tariffs are set to take effect April 2.

“We’re as enthusiastic about building in America as anybody,” Huang said. “We’ve been working with TSMC to get them ready for manufacturing chips here in the United States. We also have great partners like Foxconn and Wistron, who are working with us to bring manufacturing onshore, so long-term manufacturing onshore is going to be something very, very possible to do, and we’ll do it.”

Shares of Nvidia have fallen more than 20% from their record high reached in January. The stock suffered a massive sell-off earlier this year due to concerns sparked by Chinese artificial intelligence lab DeepSeek that companies could potentially get greater performance in AI on far-lower infrastructure costs. Huang has pushed back on that theory, saying DeepSeek popularized reasoning models that will need more chips.

Nvidia, which designs and manufactures graphics processing units that are essential to the AI boom, has been restricted from doing business in China due to export controls that were increased at the end of the Biden administration.

Huang previously said the company’s percentage of revenue in China has fallen by about half due to the export restrictions, adding that there are other competitive pressures in the country, including from Huawei.

This post appeared first on NBC NEWS

previous post
Riding the Wave: What the Stock Market Rebound Means for Your Investments
next post
First the token, now the swipe: NYC’s subway system to stop selling MetroCards

Related Posts

UnitedHealth CEO suddenly steps down for ‘personal reasons’

May 14, 2025

Fanatics will host a skills challenge between fans...

May 22, 2025

Anne Wojcicki to buy back 23andMe and its...

June 16, 2025

Apple sues former Vision Pro employee for allegedly...

July 3, 2025

U.S. online stores put ‘out of stock’ signs...

June 12, 2025

Nvidia results spark global chip rally

May 30, 2025

Hasbro forecasts as much as $300 million impact...

April 25, 2025

Trump’s massive 46% Vietnam tariffs could hit Nike,...

April 3, 2025

Apple sued by shareholders who allege it overstated...

June 24, 2025

Donatella Versace steps down as head of Italian...

March 14, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Editors’ Picks

    • 1

      The Best Five Sectors, #10

      March 14, 2025
    • 2

      DP Trading Room: Market Sell-Off

      March 14, 2025
    • 3

      5 Strong Stocks Defying the Bearish Market!

      March 14, 2025
    • 4

      Sector Rotation Warning: More Downside Ahead for US Markets?

      March 14, 2025
    • 5

      Transform Your Investing Strategy: Uncover the 3 Game-Changing Rules

      March 14, 2025
    • 6

      CHARBONE Hydrogene et ABB signent une entente pour accelerer les usines de production d’hydrogene vert en Amerique du Nord

      March 14, 2025
    • 7

      Did Friday’s Reversal Mark A Major Bottom?

      March 14, 2025
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 capitaladept.com | All Rights Reserved