Trump said he considered "splitting Nvidia" but found Nvidia too strong. Huang Renxun responded with a rainbow fart

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US President Trump on the 23rd at an AI Summit in Washington DC, spontaneously mentioned considering breaking up global AI chip giant Nvidia to promote industry competition. He stated in the meeting that, he originally thought he could "split" the company through antitrust measures, but after understanding the industry reality, candidly admitted:

"Even by gathering the most talented people, it would take over ten years to catch up with Nvidia."

The US Department of Justice launched an antitrust investigation into Nvidia in 2024, and Nvidia stated it would cooperate openly, with no further developments yet, highlighting that its market dominance has drawn regulatory attention.

Huang Responds with "Praise", Flattering Trump

At the summit, Trump repeatedly mentioned Nvidia CEO Huang Renxun in his speech, calling him "you did an amazing job", and also mentioned AMD CEO Su Zifeng and Palantir, emphasizing US's comprehensive leadership in AI software, hardware, and defense applications. During the speech, Huang, sitting in the audience, responded with a thumbs-up gesture, demonstrating their interaction and mutual affirmation.

Earlier when speaking, Huang also gave a positive evaluation of Trump's AI policy. He stated:

"The United States has advantages that other countries cannot compare to, and this advantage is President Trump."

With Huang's flattery so thorough, the two currently seem to maintain a good interactive relationship, and regulatory agencies are unlikely to take action against Nvidia in the short term.

Policy Promotion and Industry Status: US AI Action Plan Launches

Additionally, Trump simultaneously announced the "AI Action Plan" at the summit, signing multiple executive orders, emphasizing reducing regulatory burden, accelerating review processes, relaxing environmental regulations to pave the way for AI supercomputers and related industry development.

He emphasized that the US needs new data centers and chip factories, "Chip companies don't need money, they need permits." This seemingly echoes Nvidia's announcement last week of being re-permitted to sell H20 AI chips to mainland China.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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