Trump Hypes $500 Billion NVIDIA Investment In US AI Supercomputers: 'Golden Age Of America' Begins

A $500 billion commitment by Nvidia Corp. NVDA to build artificial intelligence supercomputers exclusively in the U.S. is drawing attention from Washington to Wall Street as reshoring trends accelerate.

In a Tuesday post on Truth Social, President Donald Trump announced the move and said Nvidia will receive expedited permits for its ambitious U.S.-based AI infrastructure investment, calling it a "very big and exciting news."

The announcement comes amid a broader push from the Trump administration to accelerate domestic technology manufacturing and reduce reliance on China. Trump also pledged to expedite all necessary permits for other companies investing in what he dubbed the "Golden Age of America."

Over the weekend, the administration confirmed exemptions to new tariffs of up to 145% on critical tech imports such as smartphones and semiconductors—moves aimed at shielding U.S. tech leaders from global trade friction.

Bank of America Sees Earnings Tailwinds From Reshoring

In a note shared Monday, Bank of America semiconductor analyst Vivek Arya said earnings expectations for U.S.-based companies benefiting from reshoring remain on solid footing.

"We expect earnings estimates from companies exposed to reshoring beneficiaries to remain well positioned to largely deliver on earnings expectations," Arya said.

Nvidia, in particular, was highlighted as a top sector pick alongside Broadcom Inc. AVGO, Marvell Technology Inc. MRVL, chip-design leaders Cadence Design Systems Inc. CDNS and Synopsys Inc. SNPS as well as semiconductor capital equipment makers Lam Research Corp. LRCX and KLA Corp. KLAC.

Bank of America holds a $200 price target on Nvidia, implying an 80% upside from its current $110 share price. The bank values the stock at 33 times expected calendar year 2026 earnings, excluding cash—within its historical 25x to 56x forward price-to-earnings range.

According to Arya, this valuation is justified given Nvidia's broader exposure to long-term secular trends, including artificial intelligence infrastructure, gaming cycle recovery and robust data center demand.

Market Reactions

NVIDIA shares edged up 0.2% in premarket trading Tuesday, following a 0.2% dip on Monday. The stock has surged 28% since last week's lows, which were triggered by renewed tariff fears.

Top premarket risers within the iShares Semiconductor ETF SOXX were KLA Corp., Onto Innovation ONTO and ASML Holding N.V. ASML with gains of about 1%.

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