Latest news with #Jensen Huang
South China Morning Post
4 hours ago
- Business
- South China Morning Post
Nvidia CEO Huang says China's military unlikely to use US AI chips to improve capabilities
Nvidia CEO Jensen Huang said the US government does not need to be concerned that the Chinese military will use his company's products to improve their capabilities. Addressing the largest concern Washington has cited in placing increasing restrictions on US technology exports to the Asian nation, Huang said the Chinese military will avoid using US technology because of the risks associated with doing so. 'We don't have to worry about it,' he said in an interview on CNN's Fareed Zakaria GPS broadcast on Sunday. 'They simply can't rely on it,' he added. 'It could be, of course, limited at any time.' Huang and his peers have lost out on billions of dollars of revenue under increasingly tough rules designed to shut off China from access to the most powerful artificial intelligence capabilities. Successive administrations in Washington have maintained that unfettered use of the most capable components would pose a risk to national security.
Yahoo
2 days ago
- Business
- Yahoo
NVIDIA Corporation (NVDA): Stock Has Benefited From US-China Negotiations, Says Jim Cramer
We recently published . NVIDIA Corporation (NASDAQ:NVDA) is one of the stocks Jim Cramer recently discussed. NVIDIA Corporation (NASDAQ:NVDA), one of Cramer's favorite stocks, has continued to delight him in the second quarter. Even though the shares struggled throughout this after the DeepSeek selloff, Cramer remained a NVIDIA Corporation (NASDAQ:NVDA) bull as he pointed out that not only will the firm benefit from robust AI demand but also from future adoption and growth in humanoid robots. This time around, he commented on some of the drivers of the stock's performance: '[On Citi going to $190 on an expanded total addressable market] I think that people should read if they have access to Citi's notes. They've got a tag team of great analysts there. And, I agree with everything that they wrote because this is the ascendant time. I don't think people realize that this market has been in the grips of high price-to-earnings multiple capital software that frankly is not doing nearly as much.' A close-up of a colorful high-end graphics card being plugged in to a gaming computer. 'And the NVIDIA came up! I mean one of the. . look at the NVIDIA comeback. I mean without China which was Jensen Huang had said could be a fifty billion dollar opportunity with a 4.5 billion dollar write-off. They managed to get to an all-time high! A lot of people felt that NVIDIA was done. When the stock touched a hundred. What a comeback. Now some of that is because of sovereign that the President went and developed new markets for them. I do think we're not paying enough attention to the CAdence, Synopsis deals, where the President has green lit. They are the two best partners of NVIDIA. And I keep thinking of what Jensen Huang said on Mad Money which was that I trust the President. He trusts the process. And the process would be having Cadence and Synopsys in there because those are one or two of the most important players that then you have NVIDIA, you tend to have Cadence and Synopsys. So it. would be natural if the government of China would say you know what, we're going to get long term rare mineral deals not the short term deals in return for a different version of NVIDIA. And that's what I felt NVIDIA's stock has showed. That that's a possibility. That'll be something.' While we acknowledge the potential of NVDA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Reuters
2 days ago
- Business
- Reuters
US senators warn Nvidia CEO about upcoming China trip
SAN FRANCISCO, July 11 (Reuters) - A bipartisan pair of U.S. senators sent a letter to Nvidia (NVDA.O), opens new tab CEO Jensen Huang on Friday about an upcoming trip to China, warning the CEO to refrain from meeting with companies that are suspected of undermining U.S. chip export controls. The letter from Republican Senator Jim Banks and Democratic Senator Elizabeth Warren asked Huang to also abstain from meeting with representatives of companies that are working with the People's Republic of China's military or intelligence bodies and are named on the U.S. restricted export list. "We are worried that your trip to the PRC could legitimize companies that cooperate closely with the Chinese military or involve discussing exploitable gaps in U.S. export controls," the senators wrote. Huang planned to visit China on Friday. An Nvidia spokesperson said, "American wins" when its technology sets "the global standard," and that China has one of the largest bodies of software developers in the world. AI software "should run best on the U.S. technology stack, encouraging nations worldwide to choose America," the spokesperson said. In May at the Computex trade show in Taipei, Huang praised President Donald Trump's decision to scrap some artificial intelligence chip export controls and described the prior diffusion rules as a failure. U.S. restrictions in April on AI chips Nvidia modified to comply with export controls to China would reduce Nvidia's revenue by $15 billion, the CEO said. The hardware necessary to power advanced AI is now subject to a bipartisan consensus related to the free export of such hardware, the senators wrote. Advanced AI hardware could "accelerate the PRC's effort to modernize its military," the letter reads. U.S. lawmakers have grown increasingly concerned about efforts to circumvent export controls to China and proposed a law that would force AI chip companies to verify the location of their products. Last month, Reuters reported that a senior U.S. official said the AI firm DeepSeek is aiding China's military and intelligence operations, and sought to use shell companies to circumvent U.S. AI chip export controls to China. Nvidia is planning to launch a cheaper version of its flagship Blackwell AI chips for China, Reuters reported in May.
