Many in the tech industry have been concerned about the potential impact of Trump’s tariffs. From the heads of the biggest companies to consumers who are fans of their products, many are eagerly waiting for a moment of stability. However, in a twist that might surprise you, Jensen Huang, the CEO of NVIDIA, has publicly thrown his support behind the tariffs imposed by President Donald Trump. And he didn’t just quietly agree; he went so far as to describe them as “utterly visionary.”
This unexpected endorsement came during an interview with Bloomberg, following NVIDIA’s announcement of yet another record-breaking quarter in revenue. Nvidia, as you probably know, is a massive player in the tech industry. After all, their chips are powering much of the world’s artificial intelligence advancements. So, when their leader speaks, people listen.
NVIDIA CEO says the company is “all in” on Trump’s tariffs
According to Huang, these tariffs are a strategic move that will boost investment and “re-industrialize” the United States. Essentially, he sees them as a way to bring manufacturing and tech development back to American soil, rather than relying heavily on overseas production. For a company like NVIDIA, which is at the forefront of the AI revolution, having a strong domestic base for production and innovation could be a long-term advantage.
He also praised another policy move: the rescinding of the “AI diffusion rule.” Without getting too technical, this rule had implications for how easily American AI technology could be shared or used internationally. Huang believes getting rid of it will “accelerate the use of American technology worldwide.” This, of course, benefits companies like NVIDIA that create that technology.
Divided opinions in the industry
Now, it’s worth noting that not everyone in the tech industry shares Huang’s enthusiasm. For example, HP CEO Enrique Lores recently announced that his company would be raising prices on their products to offset the increased costs due to these very same tariffs. This highlights the complex and often divided opinions within the industry regarding how tariffs truly impact businesses and consumers.
But for Jensen Huang, it seems the focus is on a bigger picture. He projects a future with American technological leadership and a more self-reliant industry. In a world where tech CEOs often navigate political waters carefully, Huang’s bold statement certainly stands out. It’s a reminder that even the biggest names in tech don’t always march to the same drumbeat when it comes to economic policy.
