• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Investing

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

by March 19, 2025
written by March 19, 2025

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
0 comment
0
FacebookTwitterPinterestEmail

previous post
First the token, now the swipe: NYC’s subway system to stop selling MetroCards
next post
Stock Market News UK Update: FTSE 100 & 250 Rise

You may also like

Trump implies government could cut contracts and subsidies...

June 7, 2025

Procter & Gamble to cut 7,000 jobs as...

June 6, 2025

Shein and Temu see U.S. demand plunge as...

June 6, 2025

Shein and Temu see U.S. demand plunge as...

June 5, 2025

This California startup is cleaning water and removing...

June 5, 2025

OpenAI tops 3 million paying business users, launches...

June 5, 2025

Nationwide coordinated retail crime crackdown results in hundreds...

June 4, 2025

McDonald’s Snack Wrap is officially making a permanent...

June 4, 2025

McDonald’s Snack Wrap is officially returning. Here’s when.

June 4, 2025

Peloton launching resale market for used bikes, treadmills

June 4, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Trump implies government could cut contracts and subsidies to Musk’s companies

      June 7, 2025
    • Procter & Gamble to cut 7,000 jobs as part of broader restructuring

      June 6, 2025
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

      June 6, 2025
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

      June 5, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (505)
    • Stock (6,426)

    Latest News

    • Trump implies government could cut contracts and subsidies to Musk’s companies
    • Procter & Gamble to cut 7,000 jobs as part of broader restructuring

    Popular News

    • Mexico to extend $6.7 billion to cover oil producer Pemex’s debt in 2025
    • Yen slips as Japan’s election result clouds BOJ rate hike prospects

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy