Nvidia and David Sacks Applaud Washington's AI Strategy

Nvidia applauds Washington's AI strategy, saying it aligns with Trump's AI advisor David Sacks' call to outcompete global rivals by becoming the international standard. Sacks emphasized the need for the U.S. to export American technology and build the biggest ecosystem globally. The remarks came as AI chip stocks surged, with Nvidia, AMD, and Taiwan Semiconductor Manufacturing Co. among the top gainers. Nvidia also announced it would restart sales of its H20 GPU in China and introduce a new RTX PRO graphics processor tailored specifically for the Chinese market.

Nvidia Corporation (NVDA) has expressed support for Washington's AI strategy, aligning with the views of Donald Trump's AI advisor, David Sacks. Sacks emphasized the need for the U.S. to export American technology and become the international standard in AI. This sentiment was echoed by Nvidia's Newsroom X handle, which stated, "Washington gets it: Winning the AI race means making the American stack the global standard" [1].

The remarks from Sacks and Nvidia came as AI chip stocks surged, with Nvidia, Advanced Micro Devices (AMD), and Taiwan Semiconductor Manufacturing Co. (TSM) among the top gainers. The rally was driven by major Trump investments in AI and energy infrastructure, particularly in Pennsylvania, and reports that the U.S. would ease some chip export restrictions to China [1].

Nvidia also announced that it will restart sales of its H20 GPU in China and introduced a new RTX PRO graphics processor tailored specifically for the Chinese market. The decision follows U.S. government assurances on export licenses, allowing Nvidia to resume sales of its H20 AI chip to Chinese customers [2].

The U.S. government's export controls aim to limit China's access to cutting-edge technology, particularly in AI and high-performance computing. Nvidia's ability to secure licenses for the H20 chip represents a strategic effort to maintain access to the Chinese market amid escalating trade tensions [2].

The broader market implications of Nvidia's progress are significant. The semiconductor industry has been a focal point of global trade dynamics, with companies like TSMC playing a critical role in producing chips that power AI, cloud computing, and consumer electronics. The anticipated resumption of H20 sales not only strengthens Nvidia's foothold in China but also reinforces investor confidence in the broader AI and semiconductor industry [2].

References:
[1] https://www.benzinga.com/markets/tech/25/07/46434347/nvidia-says-washington-gets-it-after-trumps-ai-czar-david-sacks-says-us-has-to-outcompete-global-rivals
[2] https://wallstreetpit.com/128057-nvidia-stock-jumps-after-u-s-allows-some-ai-chip-sales-to-china/