During the All-In Summit in Los Angeles, President Donald Trump called Nvidia CEO Jensen Huang on stage, dismissing concerns about artificial intelligence and data center construction as a "hoax." Trump praised data centers as vital economic drivers, calling them the "oil of the next 20, 25 years," and criticized calls to slow AI development, suggesting opposition may be influenced by foreign interests like China. This interaction highlights Trump's support for rapid AI growth and Nvidia's central role in the tech economy amid ongoing debates about AI regulation and safety.
Nvidia's shares are trading at USD 212.31, down 2.69% as of September 15, 2026, 04:42 WIB on Pluang, with a market cap of $5.27 trillion. This comes as President Trump publicly supports Nvidia's CEO Jensen Huang and dismisses opposition to data center expansion and AI development as a "hoax." The company's stock remains below its 52-week high of $235.75, reflecting ongoing market caution despite the high-profile endorsement.
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