TRUMP EFFECT: Nvidia soars following announcement with DOE

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Nvidia CEO Jensen Huang announced plans to build seven U.S.-made supercomputers for the Department of Energy, powered by up to 100,000 chips.

Huang announced at the company’s GTC event in Washington, D.C., that Nvidia will build seven supercomputers for the U.S. Department of Energy. The systems will support nuclear weapons research and alternative energy projects like fusion. The largest, built with Oracle, will feature 100,000 of Nvidia’s new Blackwell chips. The event marked Nvidia’s push to deepen ties with the U.S. government and defense contractors.

Huang also announced that Nvidia has secured $500 billion in bookings for its Blackwell and Rubin chips over the next five quarters, underscoring surging demand for its AI technology amid the U.S.–China tech rivalry. Additionally, he unveiled a $1 billion partnership with Finnish telecom giant Nokia, giving Nvidia a 2.9% stake and launching a new “Arc” product line to boost the power efficiency of Nokia’s 6G base stations.

Furthermore, Nvidia announced a partnership with Palantir Technologies, which works closely with the U.S. government. The collaboration will focus on Palantir’s commercial operations, using Nvidia’s technology to accelerate logistics solutions for companies. And finally, in the automotive sector, Nvidia unveiled its new Hyperion self-driving platform and announced a partnership with Uber to develop a network of robotaxis. Huang said he expects the new system to be highly successful.

Technology exchange between the U.S. and China is expected to be a central topic in upcoming trade talks between President Trump and Chinese President Xi Jinping. Huang, who maintains close ties with China, argues Nvidia needs access to $50 billion in potential Chinese sales to fund U.S. research and stay competitive in AI. Despite trade tensions, Nvidia continues to produce chips in Arizona, assemble servers in Texas, and make networking gear in California.

Huang praised President Trump’s efforts to bring manufacturing back to the United States, stating, “We are manufacturing in America again — it is incredible. The first thing that President Trump asked me is, ‘bring manufacturing back.’”

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