Nvidia Soars 3.84% on CEO's AI Export Push
1min read On May 1, 2025, Nvidia's stock rose by 3.84% in pre-market trading, reflecting a positive sentiment among investors.
Nvidia's CEO, Jensen Huang, recently visited the White House and called for changes in U.S. regulations governing the export of AI technology. Huang emphasized the need for faster global dissemination of American AI technology to seize future opportunities. He also advocated for easing restrictions on the export of AI graphics processing units, although reports suggest that the Trump administration plans to tighten controls.
Ask Aime: "Nvidia's stock surge and CEO's call for AI export reform raise investor concerns."
Huang's comments come at a time when nvidia is facing challenges in selling its most advanced products to Chinese customers due to export restrictions. Despite these hurdles, Nvidia has announced plans to produce AI supercomputers in the U.S. and invest $500 billion in AI infrastructure over the next four years.
In a separate development, Huang acknowledged that China is not lagging behind the U.S. in the AI field, stating that the two countries are closely matched in this area. He highlighted China's strong technological capabilities and the significant number of AI researchers in the country, emphasizing the long-term and competitive nature of the AI race.
Huang also praised Huawei as one of the world's strongest technology companies, noting its exceptional capabilities in computing, networking, and software, which are crucial for AI development.
