Nvidia CEO Jensen Huang is in Washington, D.C. and will be meeting with President Trump on Friday afternoon, CNBC has confirmed.
The Trump administration is reportedly probing whether DeepSeek bought Nvidia's advanced computer chips through Singapore – despite US export controls blocking the sale of the powerful technology to China-based firms.
Cloud and inference providers see rising demand for Nvidia H200 chips due to DeepSeek's AI models. DeepSeek's open-source models require powerful hardware to run the full model for inference.
CNBC's Seema Mody reports on news regarding Nvidia and the White House.
President Trump is slated to meet Friday afternoon with Nvidia Corp. Chief Executive Jensen Huang at the White House, with their get-together coming as the chip giant has faced questions due to the big splash made by Chinese artificial-intelligence startup DeepSeek.
Nvidia Corporation's stock dropped 17% due to DeepSeek's AI model, but this is a buying opportunity given Nvidia's strong sales and AI GPU demand. DeepSeek's cheaper AI model caused market fear, but Nvidia's advanced chips remain essential for U.S. companies, ensuring continued high demand. Nvidia's sales surged 430% last year, and despite DeepSeek, its data center business and AI GPU demand will drive future growth.
The U.S. government opened an investigation into how DeepSeek acquired Nvidia (NVDA) chips it allegedly used to power the platform. CEO Jensen Huang will meet with President Donald Trump today.
A new artificial intelligence (AI) breakthrough by the China-based company DeepSeek has raised questions about the future of AI investments. Their model, R1, rivals top AI systems while being more cost-effective, which caused NVIDIA's NVDA stock to plummet.
U.S. President Donald Trump will meet with Nvidia chief executive Jensen Huang at the White House on Friday, a White House official said, following reports the Trump administration is studying new ways to restrict AI chip sales to China.
CNBC's Seema Mody joins 'Squawk on the Street' with the latest news.
U.S. officials are investigating whether Chinese artificial intelligence startup DeepSeek skirted American export restrictions on advanced chip sales and bought advanced Nvidia (NVDA) semiconductors through third parties in Singapore, Bloomberg reported Thursday, citing people familiar with the matter.
Nvidia was falling early Friday as politicians and Big Tech firms comment on the effects of Chinese firm DeepSeek's apparently low-cost AI.