Earnings Mastery
  • Politics
  • Business
  • Investing
  • World
No Result
View All Result
  • Politics
  • Business
  • Investing
  • World
No Result
View All Result
Earnings Mastery
No Result
View All Result
Home Business

Nvidia CEO Jensen Huang warns China is ‘not behind’ in AI

May 1, 2025
in Business
Nvidia CEO Jensen Huang warns China is ‘not behind’ in AI
0
SHARES
3
VIEWS
Share on FacebookShare on Twitter

Nvidia CEO Jensen Huang said on Wednesday that China is “not behind” in artificial intelligence, and that Huawei is “one of the most formidable technology companies in the world.”

Speaking to reporters at a tech conference in Washington, D.C., Huang said China may be “right behind” the U.S. for now, but it’s a narrow gap.

“We are very close,” he said. “Remember this is a long-time, infinite race.”

Nvidia has become key to the world economy over the past few years as it makes the chips powering the majority of recent advanced AI applications. The company faces growing hurdles in the U.S., including tariffs and a pending Biden-era regulation that would restrict the shipment of its most advanced AI chips to many countries around the world.

The Trump administration this month restricted the shipment of Nvidia’s H20 chips to China without a license. That technology, which is related to the Hopper chips used in the rest of the world, was developed to comply with previous U.S. export restrictions. Nvidia said it would take a $5.5 billion hit on the restriction.

Huawei, which is on a U.S. trade blacklist, is reportedly working on an AI chip of its own for Chinese customers.

“They’re incredible in computing and network tech, all these central capabilities to advance AI,” Huang said. “They have made enormous progress in the last several years.”

Nvidia has made the case that U.S. policy should focus on making its companies competitive, and that restricting chip sales to China and other countries threatens U.S. technology leadership.

Huang called again for the U.S. government to focus on AI policies that accelerate the technology’s development.

“This is an industry that we will have to compete for,” Huang said.

Trump on Wednesday called Huang “my friend Jensen,” cheering the company’s recent announcement that it planned to build $500 billion in AI infrastructure in the U.S. over the next five years.

Huang said he believes Nvidia will be able to manufacture its AI devices in the U.S. The company said earlier this month that it will assemble AI servers with its manufacturing partner Foxconn near Houston.

“With willpower and the resources of our country, I’m certain we can manufacture onshore,” Huang said.

Nvidia shares are down more than 20% this year, sliding along with the broader market, after almost tripling in value last year. The stock fell almost 3% on Wednesday.

This post appeared first on NBC NEWS

Previous Post

Top reasons to buy Bitcoin ETFs like IBIT, FBTC, and ARKB

Next Post

Pfizer CEO says tariff uncertainty is deterring further U.S. investment in manufacturing, R&D

Next Post
Pfizer CEO says tariff uncertainty is deterring further U.S. investment in manufacturing, R&D

Pfizer CEO says tariff uncertainty is deterring further U.S. investment in manufacturing, R&D

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


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

    Latest

    AstraZeneca pauses £200mn Cambridge investment amid UK pharma uncertainty

    September 13, 2025
    Top three ‘cash rich’ stocks that can weather any market downturn

    Top three ‘cash rich’ stocks that can weather any market downturn

    September 13, 2025
    US digest: Tesla surge, consumer sentiment dips, Gemini makes debut

    US digest: Tesla surge, consumer sentiment dips, Gemini makes debut

    September 13, 2025

    US digest: Warner Bros. Discovery surges, US jobless and inflation data rises

    September 12, 2025
    New OpenAI and Microsoft deal paves the way for a $100 billion nonprofit stake

    New OpenAI and Microsoft deal paves the way for a $100 billion nonprofit stake

    September 12, 2025
    Asian markets open: MSCI nears record high, Sensex to rise on US inflation

    Asian markets open: MSCI nears record high, Sensex to rise on US inflation

    September 12, 2025

    Disclaimer: EarningsMastery.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Popular

    Asian markets open: Nikkei rises as yen falls after Japan PM resigns; Sensex to open higher

    September 8, 2025

    Latest

    AstraZeneca pauses £200mn Cambridge investment amid UK pharma uncertainty

    September 13, 2025
    Top three ‘cash rich’ stocks that can weather any market downturn

    Top three ‘cash rich’ stocks that can weather any market downturn

    September 13, 2025
    US digest: Tesla surge, consumer sentiment dips, Gemini makes debut

    US digest: Tesla surge, consumer sentiment dips, Gemini makes debut

    September 13, 2025
    • About us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 earningsmastery.com | All Rights Reserved

    No Result
    View All Result
    • Politics
    • Business
    • Investing
    • World

    Copyright © 2025 earningsmastery.com | All Rights Reserved