Nvidia CEO Huang Storms White House After Volatile Week for Chipmaker’s Stock Surge

Nvidia CEO Jensen Huang is scheduled to meet with President Donald Trump at the White House on Friday, following a turbulent week for Nvidia’s stock. The meeting comes as shares of the chipmaker have dropped over 12% amid concerns about competition from a new AI model developed by Chinese startup DeepSeek.

This week has been challenging for Nvidia as its stock fluctuated around $125, reflecting a significant drop after the rise of DeepSeek’s AI model. The startup claims its technology rivals that of established American firms but at a much lower cost, prompting concerns about the future of AI spending in the U.S. market. Analysts from firms like Bank of America and Bernstein have suggested that the market’s reaction may be exaggerated and view the selloff as a potential buying opportunity.

Key points regarding Nvidia’s current situation include:

• Nvidia’s shares have lost over 12% this week.
• DeepSeek’s AI model has raised competitive concerns.
• Analysts remain bullish, viewing the decline as a buying opportunity.

Despite the recent stock decline, major tech companies such as Microsoft and Meta have reaffirmed their commitment to investing heavily in AI infrastructure. This could lead to increased spending on AI technologies, which may benefit Nvidia and other chipmakers. Additionally, Huang’s upcoming meeting with Trump coincides with discussions about tightening restrictions on U.S. chip sales to China, where Nvidia has reported that over 15% of its revenue comes from sales.

The upcoming meeting between Huang and Trump highlights the ongoing challenges and opportunities in the AI sector, particularly as competition intensifies. While Nvidia faces immediate stock challenges, analysts suggest a robust long-term outlook, especially if major tech firms increase their AI investments.