Nvidia CEO downplays short-term tariff impacts

Nvidia CEO Jensen Huang has stated that the impact of tariffs will not be significant in the short term. He made this comment during a keynote speech at Nvidia GTC 2025 in San Jose, California. Huang emphasized that many partners are collaborating to bring manufacturing to the United States. Huang believes that artificial intelligence (AI) is vital for the future of various industries. He expressed excitement about building AI technology in America despite the recent trade tensions. The tariffs were imposed by President Donald Trump as part of a trade war affecting major trading partners like Mexico, Canada, and China. Shares of Nvidia have fallen over 20% from their peak in January, partly due to fears about competition from a Chinese AI lab, DeepSeek. Huang rejected claims that DeepSeek's advancements would reduce the need for Nvidia's chips. Instead, he argued that these models would actually require more chips to function. The company faces challenges in China following export controls that started during President Biden's administration, which have cut Nvidia's revenue from the region by about half. Additionally, it faces competition from firms like Huawei.