NVIDIA (NASDAQ: NVDA) CEO Jensen Huang met with newly-elected President Donald Trump to discuss AI and semiconductor policy, the company confirmed to Investing.com. The meeting, which took place less than two weeks into Trump's presidency, focused on strengthening U.S. leadership in technology and artificial intelligence.
"We appreciated the opportunity to meet with President Trump and discuss semiconductors and AI policy," an NVIDIA spokesperson stated. "Jensen and the president discussed the importance of strengthening U.S. technology and AI leadership."
The high-profile discussion comes at a pivotal moment for the AI industry. Earlier this week, Chinese AI firm DeepSeek made headlines with an open-source model reportedly built at a fraction of the cost of competitors like OpenAI. While it is claimed the model runs on older NVIDIA GPUs, debates continue regarding the firm’s actual computing power.
Meanwhile, NVIDIA's stock took a hit, closing down 3.7% on Friday and falling 16% for the week. The company's shares have faced volatility amid broader market shifts and growing global AI competition.
With NVIDIA at the forefront of the AI revolution, Huang’s meeting with Trump underscores the critical role of U.S. semiconductor policy in maintaining a competitive edge. As AI innovation accelerates, collaboration between tech leaders and policymakers will be key in shaping the future of the industry.