Trump tells Nvidia's Jensen Huang that AI is 'bigger than the internet' and robot fears are a 'hoax'

The call between Trump and Nvidia CEO signals a strategic pivot toward AI infrastructure as a core economic driver. This move will accelerate demand for data centers, GPUs, and memory chips, with upstream suppliers like semiconductor materials and equipment vendors seeing immediate gains. While the administration downplays AI risks, it may lead to regulatory easing in the short term, but long-term compliance and supply chain resilience will raise operational costs. Global rivals such as AMD, Intel, and Chinese firms are likely to intensify R&D efforts to counter U.S.-led AI ecosystem shifts. Over the next 12–24 months, compute power will become the new battleground for capital allocation, reshaping the global semiconductor landscape under policy-driven technological direction.