Trump Phones Jensen Huang Live Against AI Slowdown Fears. NVIDIA Stock Reacts
President Donald Trump phoned Nvidia Chief Executive Jensen Huang live on stage Monday. He told a room of investors that fear of artificial intelligence (AI) is a hoax. Nvidia shares fell anyway.
The call came during the All-In Summit, a technology conference run by a group of Silicon Valley investors. It landed hours after chip stocks opened sharply lower.
Trump Turns a Phone Call Into AI Policy
Huang was midway through an on-stage interview when his phone rang. He put the president on speaker, and the audience heard the argument Trump has pushed for weeks.
"I'm telling you it's all a hoax. The data centers are great. They make people wealthy. They make states wealthy. AI is bigger than the internet. These people are playing right into the hands of China. We're not going to let that happen," Donald Trump, President of the United States, speaking at the All-In Summit, via attendees.
