Reported 2 days ago
NVIDIA Corporation (NASDAQ:NVDA) announced plans to spend hundreds of billions on US-made AI hardware in response to recent tariffs imposed by the Trump administration. As tariffs on imports, particularly from China, threaten supply chains and market stability, NVIDIA's CEO Jensen Huang emphasized a shift towards domestic manufacturing, collaborating with suppliers like Taiwan Semiconductor. This investment comes as part of a broader trend among billionaires and hedge funds to reassess their strategies in the face of economic uncertainties affecting AI investments.
Source: YAHOO